Lisa Jackson, the head of the Environmental Protection Agency (EPA), is headed to The Hill to testify about the Obama Administration’s newest proposed environmental regulations. Obama’s EPA is claiming that the new rules will bring all sorts of economic growth, but a new report by the National Taxpayers Union puts the administration’s claims in question and shows that the EPA’s “benefits” have no basis in reality.

The new report features economist David Montgomery who reveals the very large net regulatory benefits touted by EPA rely on apples to orange comparisons, where the vast majority of the benefits have none of the financial reality that the costs do. (Click here for a .pdf of the report)

“In its Clean Air Act appraisal, EPA substitutes calculated misdirection for solid analysis” explained NTU Executive Vice President Pete Sepp. “Nearly all of EPA’s promised $2 trillion in benefits from existing regulations stem from feelings rather than fiscal improvements.

“Federal regulators arrived at their staggering figures by polling individuals on how much they’d be willing to pay to reduce risks in general, mostly using estimates from studies of occupational risks unrelated to air pollution.”

Dr. Montgomery added “while less than 3 percent of the EPA’s purported benefits will show up as additional jobs or real output in the economy, 100 percent of the costs will do so. Even EPA’s own macroeconomic analysis shows that existing air pollution regulations are a net drag on the economy. And EPA’s tally doesn’t even take into account the costs of its pending new ozone standards and regulations on electric utilities over the next decade.”

Once again we find that the Obama administration is using regulations to hamper the economy, destroy businesses, and bring the United States down a notch. Since day one President Obama has proven to be employing an agenda against our economy that has made of him the most anti-business president in our history.