National Taxpayers Union (NTU) applauds EPA Administrator Andrew Wheeler’s proposal to formalize cost-benefit analysis into agency rulemaking for regulations pertaining to the Clean Air Act.
“Increased utilization of cost-benefit analysis will lead to better, more effective regulation at the EPA as it will ensure that any new rules are achieving their intended goals in an effective manner. This process will better serve the businesses that must comply with these regulations and the taxpayers, who often bear their costs,” stated Brandon Arnold, Executive Vice President of NTU.
NTU has long called for increased usage of cost-benefit analyses for spending and regulatory actions across the entire federal government. Taxpayers are best served when the government must be mindful of the costs and benefits associated with its actions. The EPA and other federal departments and agencies should continue this trend and integrate more cost-benefit analysis into their rulemaking processes.