In the next few days, President Obamas Environmental Protection Agency is expected to issue another final regulation directed at electricity utilities. This rule, known as the Utility MACT, will impose an estimated $11 billion each year in new costs on our economy. It will threaten electricity-generating capacity in many parts of the country. And its just the tip of the iceberg when it comes to this administrations runaway rulemaking.
Im often asked when Im home in Michigan why the House of Representatives has been so active this year passing legislation related to environment and energy rules.
The answer is simple. The Obama administration forced our hand with a regulatory approach that threatens to destroy jobs and drive up costs for families.