Great news: the EPA’s new smog rules will only cost 40 times as much as they said

Great news: the EPA’s new smog rules will only cost 40 times as much as they said « Hot Air
We recently discovered that EPA chief Gina McCarthy is coming for your air conditionersbecause she’s pretty worried about ozone. 
(We’ll leave aside for now the fact that the chemicals used in modern air conditioners don’t affect that particular issue.) 
It’s still on her mind and the agency already put forward some new rules to cut down on smog. 
This is an expensive proposition for American businesses and consumers and the agency admitted up front that the new rules would probably wind up costing us roughly one and a half billion a year. 
But it was worth the cost to save the planet, gosh darn it.

I think somebody forgot to check their math. (Daily Caller)

The Environmental Protection Agency estimated its stricter smog limits would only cost Americans $1.4 billion a year, but a new report argues the total cost to the economy is likely 40 times higher than agency estimates.

The right-leaning American Action Forum says EPA’s updated smog, or ground-level ozone, rule could cost $56.5 billion in lost wages based on economic losses from counties that couldn’t comply with the agency’s 2008 rule.

“Observed nonattainment counties experienced losses of $56.5 billion in total wage earnings, $690 in pay per worker, and 242,000 jobs between 2008 and 2013,” according to AAf policy experts.