If you liked what Obamacare did to your health insurance costs, you’ll love what the president’s new energy rules will do for your electricity costs.
A year after unveiling a plan that would put in place greenhouse gas limits on existing power plants, President Barack Obama announced his administration’s go-ahead with the idea Monday.
It can be expected to, at a minimum, kill manufacturing and energy jobs when power plants close and raise electric rates as much as 7 percent.
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Obama calls for carbon cuts by U.S. power plants
The Clean Power Plan may raise electricity prices in the short run, Environmental Protection Agency Gina McCarthy admitted in June, but she said ultimately they’d drop because of the changes. Officially, American families would save a whopping $85 a year in 2030, the administration boasted Monday.