Costs will rise
Cry Wolf Quotes
These regulations, taken in combination with other pending requirements, will have serious affects on the petroleum industry, the economy, and the nation--reducing investment in capacity and new technologies, making domestic refiners less competitive in the global marketplace, increasing imports of refined products by up to 500,000 barrels per day, increasing consumer prices for products such as gasoline and heating oil, and reducing industry employment.
Governments at all levels are already financially strapped. A national program must not be self-defeating, i.e., it should not so increase the deficit structure as to impede economic recovery. The country’s main objective must remain a return to a healthy economic condition. This is the main problem facing the unemployed.
…we cannot consider this bill in a vacuum. Industry today is facing a number of bills here on the Hill, all of which are of the same sort, and we have a right to look at them as a whole; because none of them is going to be destructive of industry in itself, but, taken as a whole, they are going to impose a very serious burden on the industries of the United States, which are now trying to come out of the depression.
The ordinance would cost the city [Chicago] nearly $20 million per year. The city would spend more than 20% of this amount ($4.2 million) on the administrative costs of certification, monitoring, and enforcement of the ordinance. This $20 million cost would require a permanent tax increase on citizens of Chicago.
Evidence
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Regulations at Work: Five Rules that Save Workers’ Lives and Protect their Health
This paper looks at five worker-safety regulations that were tremendously successful in reducing employee injuries, illnesses and fatalities.
