The US Chamber is concerned that environmental initiatives will weaken the economy which, they argue, is not good at any time, let alone during a recession. The Chamber thinks that the less environmental regulations we have the better so that businesses don’t have to spend money to comply with more laws, change their practices and even potentially close operations. In regard to greenhouse gas emissions, the Chamber says that new regulations would be too hard for businesses to meet so they’d go out of business. Similar arguments were made by auto manufacturers when seat belts were required by law, and obviously that didn’t ruin the auto industry. These types of economic arguments are often overstated, but it is important to look fairly at the economic effects of environmental laws.
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