There’s a great KC Star article on new regulations coming out of Washington.
When I chaired the Small Business Committee in the House, I did a number of hearings on regulations. I found two things. First, regulatory costs disproportionately hurt small business, because typically such businesses don’t maintain a large legal section to deal with them. Second, when you dig into the weeds of individual regulations, you often find that they hurt business while in practice generating little or no social benefit at all. That’s going to happen now, because the Administration is going to heavily regulate the emission of carbon dioxide here in the United States – and there isn’t a chance of that happening in China and India. That means much higher energy costs if you do business in the United States relative to those countries. So we can say goodbye to a lot of American jobs, and for nothing. The total amount of Co2 in the air globally will actually go up because China and India are much less careful about that currently than America is.
Fewer jobs and more greenhouse gases. Our government at work.
Tags: jobs, Regulations
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