NY’s Kathy Hochul to unveil ‘cap and invest’ plan critics warn could send gas prices soaring 12 cents per gallon: ‘Another reason to leave’
- TAXPAC
- Jan 12
- 1 min read
It’s starting to feel like an Empire State war on drivers.
Gov. Kathy Hochul is expected to announce an anti-pollution push in her State of the State speech Tuesday that critics warn may hike home-heating costs and send gas prices soaring by as much as 22 cents on the gallon.
The sweeping “cap and invest” program — which comes on the heels of a new $9 congestion toll to enter Manhattan — aims to reduce carbon emissions by forcing oil companies to pay for greenhouse gases, a move that the industry giants are likely to pass onto consumers.
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