NYC Mayor Michael Bloomberg proposed the idea to cut down the traffic in Manhattan by charging fees.
"Using economics to influence public behavior is something this country is built on -- it's called capitalism," Bloomberg said. "Tax policy influences you to drill here and mine there, and grow this and live here and do that."
On his radio show Friday, Bloomberg explained what a New York City congestion pricing plan might look like:
- Fees most likely be charged between 6 p.m. and 6 a.m.
- Drivers who already pay tolls on bridges and tunnels would not necessarily pay twice
- Motorists could likely bypass the traffic fees if they were not going through the heart of Manhattan.
LinkLabels: Michael Bloomberg, new york, NYC