Regulation: In Washington, no good deed goes unpunished. So it’s no surprise that Obama regulators want to impose giant new costs on the Texas economy — the very state that has led the nation in job creation.
We’re referring to the Environmental Protection Agency’s new “Clean Power Plan” to reduce carbon emissions from electric power plants. These rules are estimated by the Heritage Foundation to cost the national economy some $2 trillion in lost GDP and 600,000 jobs through the next decade.
But a new study shows that some states are much bigger losers than others. Just eight — Texas, Florida, Louisiana, Pennsylvania, Alabama, Arkansas, Georgia and Oklahoma — will absorb almost as much of the carbon-reduction requirements as the other 42 states combined. Texas and Florida are responsible for one-quarter of the plan’s costs.
What’s curious is that all these are red states with Republican governors, and many are wondering why they get clobbered by the Obama regulatory hammer. “This law hits Texas much harder than any other state,” fumes Gov. Rick Perry. “We’re being punished for being economically successful and for providing energy for the rest of the nation.”
SideBear: Well, if can’t audit your political enemies (IRS) then you drown them with new rules and regulations.