Obama’s emissions plans bad for business

By: American Decency Staff

A lot of attention was generated by last week's Environmental Protection Agency (EPA) announcement of a proposed regulation to cut carbon emissions from existing coal-fired power plants by 30 percent from 2005 levels — all by 2030. Aimed at reducing greenhouse gas emissions, the effort is being billed as flexible, far-reaching and even a money-saver for American citizens.

The policy is a homerun for the Obama administration, improving everything from our skies to our pocketbooks, right? Not so fast. To truly understand the implications of the EPA's announcement, it's worth sifting through the hype and asking a few clarifying questions.

First, how flexible is the EPA's underlying "flexible approach" likely to be?

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