Sunday, September 28, 2003

They imposed estimated annual costs of $1.6 billion to $2 billion, but produced estimated annual benefits of $2.4 billion to $6.5 billion.

Review of Environment Rules Finds Benefits Outweigh Costs
The White House office in charge of reviewing federal regulations has reported that the benefits of some major environmental rules appear to exceed the costs by several times and that the net benefits may be even larger than previously acknowledged.

In its annual review of the costs and benefits of regulations, the Office of Management and Budget examined a sampling of major rules and found that the total benefits, to the extent they can be measured, were at least triple the costs.

In this report, which was described on Saturday in The Washington Post, the Environmental Protection Agency was found to have produced significantly greater net benefits than last year's report acknowledged. But the change was mainly due to accounting technicalities.

In one change, the budget office expanded its review by looking back 10 years. This meant the latest report included the effects of the successful efforts of the 1990's to rein in the pollution that causes acid rain.

http://www.nytimes.com/2003/09/28/politics/28COST.html

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