The economic benefits of EPA standards issued over the course of the last decade— most notably those aimed at reducing harmful air pollution—greatly outweigh the costs, a recent report by the Office of Management and Budget found.
The review—which is part of a larger report on federal regulations destined for Congress—analyzed the 32 major rules issued by the EPA between 2001-2010 for cost-effectiveness. The report found:
The release of the report comes shortly after testimony by Nancy Stoner, the EPA’s assistant administrator for water policy, before Congress Friday in which the agency asserted that establishing specific water-nutrient guidelines would be economically beneficial for many businesses.
Read the full report here.