The ‘Populist’ Push for Price Controls Spells Danger for America’s Economy
By VERONIQUE de RUGY
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This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.
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City Council Member Alan Gerson is suggesting that the congestion pricing fee be on a sliding, income-based scale, and that it not apply to either vehicles owned by non-profit organizations or those coming to Manhattan for medical care. Call it a Progressive Pigovian Tax, a reference to Professor Arthur Cecil Pigou who reckoned fees affect behavior. For your tax planning, we can imagine the following congestion pricing worksheet to assist drivers in calculating what the plan to reduce traffic and emissions will cost them, on a per-ride basis.
By VERONIQUE de RUGY
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By HOLLIE McKAY
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By LAURENCE ELDER
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By JEFFREY WELLS
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By JENNIFER DOHERTY
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By DAVID MASTIO
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By MARIE POHL
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By CAROLINE DOWNEY
|City Council Member Alan Gerson is suggesting that the congestion pricing fee be on a sliding, income-based scale, and that it not apply to either vehicles owned by non-profit organizations or those coming to Manhattan for medical care. Call it a Progressive Pigovian Tax, a reference to Professor Arthur Cecil Pigou who reckoned fees affect behavior. For your tax planning, we can imagine the following congestion pricing worksheet to assist drivers in calculating what the plan to reduce traffic and emissions will cost them, on a per-ride basis.
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