Administration’s Cap and Trade Plan Could Mean Lights Out for Small Businesses
Higher energy costs will impact economic growth
WASHINGTON, D.C., June 2, 2014 — National Federation of Independent Business (NFIB) Manager of Regulatory Policy Dan Bosch made the following statement in response to today’s energy policy speech by Environmental Protection Agency (EPA) Administrator Gina McCarthy:
“Once again, the Administration has not considered the impact of rising electricity prices on small business,” said Bosch. “Small business owners depend on competitively-priced energy supplies to operate and effectively run their businesses. Energy prices have risen dramatically over the last few years with small businesses shouldering much of the cost burden. In fact, according to NFIB’s recent Small Business Problems & Priorities the cost of energy remains one of the top three concerns of small business owners. In order to create an economic environment that supports small businesses and creates jobs, we need to expand our sources of energy – not restrict them.”
For more than 70 years, the National Federation of Independent Business has been the Voice of Small Business, taking the message from Main Street to the halls of Congress and all 50 state legislatures. NFIB annually surveys its members on state and federal issues vital to their survival as America’s economic engine and biggest creator of jobs. NFIB’s educational mission is to remind policymakers that small businesses are not smaller versions of bigger businesses; they have very different challenges and priorities. More information is available online at www.NFIB.com/newsroom.