If you think federal regulation is bad today, just wait. You ain’t seen nothin’ yet.
By the EPA’s own reckoning, the rule if implemented annually would cost American businesses $90 billion. But a related rule due to be taken up in December similarly would declare large swaths of the U.S. “closed for new business” until emissions are reduced to meet lower caps than exist today, says Anne Kolton, spokeswoman for the American Chemistry Council.
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