Executive Power Grab: Obama to Announce New Plans Forcing Electricity Rates to Skyrocket (+video)

Photo Credit: TownHall When President Obama ran for office in 2008, he promised he’d implement new policies that would force electricity rate to “necessarily” skyrocket.

Here we are six years later and President Obama is set to announce new, major regulations on power plants in the name of climate change. The New York Timesis calling it the boldest move ever made by a president to address the issue.

The Obama administration is set to announce a rule Monday to limit carbon emissions in thousands of fossil-fuel burning plants across the country, a cornerstone of President Obama’s climate-change agenda and his first-term promise to reduce such emissions by 17 percent by 2020.

The Environmental Protection Agency will ask existing plants to cut pollution by 30 percent by 2030, according to people familiar with the proposal who shared the details with The Associated Press on condition of anonymity, since they have not been officially released.

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