If implemented, this standard could be the costliest regulation in our nation’s history, with an annual price tag of $140 billion in lost GDP. New Mexico is projected to lose $6 billion in GDP from 2017 to 2040 and the equivalent of more than 11,000 jobs per year as a result of the proposed stricter standard.
“New Mexico has a long history of innovation, manufacturing and energy production but policies from Washington like the proposed ozone regulation stand to threaten future job creation and growth,” said NMBC President Carla Sonntag. “Manufacturers and business leaders around the state are rightfully concerned with this rule, and it is time for this Administration to listen to our concerns.”
“It is astounding that in a time when people recognize the tremendous improvements in their community’s air quality, yet are still worried about the economy and job creation, the Obama Administration would charge forward with this costly ozone regulation,” said NAM President and CEO Jay Timmons. “Manufacturers and elected leaders in New Mexico are leading the way to promote and improve air quality. However, tightening the federal ozone standard now will only threaten economic growth and job creation in New Mexico and across the country.”
Key findings from the poll include the following:
- By a three-to-one margin, New Mexicans think that a bigger problem for their local area is “less economic growth and job opportunities caused by regulations” (69%) rather than “lower air quality caused by pollution” (22%).
- When asked about the effects of implementing stricter federal air quality regulation on their local area, the majority of New Mexicans are concerned about the negative economic effects: o More than three-quarters (78%) think that stricter federal air quality regulations on their local area would increase taxes.
- Almost two-in-three (64%) think it would make it harder for local businesses to start new operations or grow existing ones.
- More than three fourths (77%) think stricter regulations would increase the price they pay for everyday goods and services.
To read the results from the full poll, visit our website.
The poll of 600 registered voters was conducted by FTI Consulting and has a margin of error of +/- 3.1 percentage points.
NMBC and NAM The New Mexico Business Coalition (NMBC), the NM Affiliate Group for the National Association of Manufacturing, is a non-partisan advocacy organization representing businesses of all sizes, employees and New Mexican families throughout the state. NMBC works specifically to change the business environment in New Mexico to one that fosters and promotes job creation and an improved quality of life for all New Mexicans. NMBC knows our state can do better by lessening the burden on businesses in the form of taxes, fees, registrations, and other requirements.
POB 95735 • Albuquerque, NM 87199 • (505) 836-4223 • nmbiz@nmbizcoalition.org.
The National Association of Manufacturers (NAM) is the largest manufacturing association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states. Manufacturing employs more than 12 million men and women, contributes $2.09 trillion to the U.S. economy annually, has the largest economic impact of any major sector and accounts for more than three-quarters of private-sector research and development. The NAM is the powerful voice of the manufacturing community and the leading advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the United States. For more information about the National Association of Manufacturers please visit www.nam.org.
733 10th St. NW, Suite 700 • Washington, DC 20001 • (202) 637-3000.
CONTACT: Carla Sonntag (505) 836-4223 • Mallory Micetich (202) 637-3085