If you have access to it, the Microsoft 70-270 book goes into Printing permissions quite deeply.
But as others have said, this looks like a normal function of "printing".
The manage printers permission lets you customise printer settings, like ports and things.
The manage documents permission lets you pause or delete files in the print queue.
I don't think any of the print level permissions will give you the control you're after. It might be possible that there is an add-in pack for GPO that you might be able to use.