The Environmental Protection Agency's Flawed Cost-Benefit Analysis Methodology
I am especially honored to testify today because regulatory oversight is an important function of Congress. With the annual U.S. economic costs of federal regulation having been conservatively estimated at $1.9 trillion, 1 the need for a more responsible approach to regulation has never been more critical. Unfortunately, the cost-benefit analyses in the Environmental Protection Agency’s latest rules on carbon, ozone, and mercury do not live up to reasonable economic standards of cost-benefit analysis in the private sector.
Are you interested in supporting the Manhattan Institute’s public-interest research and journalism? As a 501(c)(3) nonprofit, donations in support of MI and its scholars’ work are fully tax-deductible as provided by law (EIN #13-2912529).