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Today is the day President Obama gets serious about making electricity rates 'skyrocket'

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U.S. Environmental Protection Agency Administrator Gina McCarthy will announce today the biggest step yet in President Obama's campaign to combat global warming by making "electricity rates necessarily skyrocket." The proposal will require electricity-generating power plants to reduce carbon dioxide emissions by 30 percent by 2030. As Talking Points Memo describes it, the new rule "will set the...

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