Excerpt: Many economically significant Clean Air Act regulations issued by EPA in recent years affect far more than just the directly regulated industry sectors. The regulations’ compliance costs include price effects and other costs that ripple through the U.S. economy. Yet EPA does not typically report these costs to the wider economy in its public Regulatory Impact Analyses (RIAs). Instead, EPA approaches cost estimation in a manner that restricts analysis to limited sectors, even though it has developed economy-wide modeling capability that could provide fuller information about the price and employment impacts of its rules.”
To read the letter, click here.
To read a related press release, click here.