One Biden manufacturing regulation could wipe out up to 1 million jobs, business leader says
One Biden manufacturing regulation could wipe out up to 1 million jobs, business leader says
A newly finalized air quality regulation from President Biden's EPA could cost the U.S. economy up to 1 million jobs, according to the National Association of Manufacturers.
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It's really unclear how it's going to wipe out a million jobs.
He does say
"It's not the name that matters. It's the consequences. It's stricter than rules they have even in Europe. And in vast portions of the country, we will barely be able to build new manufacturing facilities as a result," Timmons added.
He does not say that manufacturers will have to cut any current jobs. Or am I missing that?
So, if I'm interpreting this correctly, it seems like up to 1 million forecasted jobs over some indeterminant time will "wiped out".
He works for a trade group.
I think we should have a global standard for pollution to keep clean air and allow competition.
I find the arguments about clean air bizarre. Everyone should be for reasonable laws about clean air.
Paris Accords are that standard. Trump pulled the US out of them.