(DALLAS, TX) – The president of the Job Creators Network today said new Environmental Protection Agency regulations will choke off cheap electric power, the lifeblood of American jobs and prosperity. The result: a job killing spree Americans didnt’ vote for and their representatives in Congress never considered.
“America’s job creators tell us this regulation will cost an estimated 224,000 jobs annually through 2030,” Job Creators Network president Alfredo Ortiz said. “That’s like waving ‘goodbye’ to a worldwide workforce the size of General Motors every year.”
A recent report from the U.S. Chamber of Commerce projected the EPA’s new emissions regulations will reduce U.S. employment by 224,000 jobs each year and reduce economic output by more than $50 billion annually through 2030. That’s the annual revenue of Coca Cola, one of America’s largest corporations.
“Regulations that would kill a Coca Cola-sized company every year are regulations we can’t afford,” said Ortiz. “Such monumental decisions must be made by Congress, not the federal bureaucracy.”
A loss of 224,000 jobs per year for 16 years would equal 3.6 million jobs, just slightly less than the total number of jobs in Virginia, and more than the total number of jobs in all but a dozen states. General Motors, America’s largest auto manufacturer and a large consumer of electric power, employs 212,000 workers worldwide on six continents.
ABOUT JOB CREATORS NETWORK
Job Creators Network (JCN) is the voice of real job creators that has been missing from the debate on jobs and our economic crisis. JCN members talk about paychecks, not politics, helping the public and policymakers understand how to create jobs. For more information please visit www.JobCreatorsNetwork.com.