Bad for business
Commentary
The Great Regulation Charade
Cry Wolf Quotes
'Cap & Trade' stands to cost New Jersey thousands of jobs, millions in lost wealth and vastly higher gas and electric bills. This alone is reason enough to kill RGGI.
Unequivocally state that to blanket the Nation with a law such as is here proposed, delegating almost despotic power to political officers of the Nation, will work irretrievable loss to the industry which I represent, and will create a threat which cannot but seriously affect the continued production of metals and minerals so essential to the security and prosperity of our people.
The imposition on industry at this time of the tax burden contemplated by this measure would render business recovery absolutely hopeless.
The effects include serious long-term losses in domestic output and employment, heavy cost burdens on manufacturing industries, and a resultant gradual contraction of the entire industrial base. The irony of this bleak scenario is that these economic hardships are borne with no real assurance they would be balanced by a cleaner, healthier environment.
