Back in April, the EPA determined that carbon dioxide is a greenhouse gas that poses a threat to public health. Because of this finding, it set into motion a series of regulations under the Clean Air Act.
A White House document confirms that an EPA proposal to regulate gasses blamed for global warming will be costly for factories, small businesses and other institutions. The memo was a compilation of opinions that had been sought before the EPA determined that greenhouse gases pose a threat to public health. The memo states, "Making the decision to regulate carbon dioxide ... for the first time is likely to have serious economic consequences for regulated entities throughout the U.S. economy, including small businesses and small communities."
So there you go. The Obama administration knows that these cap-and-trade proposals and carbon regulations are going to be costly ... and yet it will continue to allow the EPA to act in the name of "global warming."
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