UNREAL: Massachusetts to tax Uber and Lyft and give the money to taxi companies

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Poor Richards News: UNREAL: Massachusetts to tax Uber and Lyft and give the money to taxi companies

In Economy, Politics by Mr. Right

 

August 24, 2016

1 Comment

 

What free market?

 

From Reuters:

Massachusetts is preparing to levy a 5-cent fee per trip on ride-hailing apps such as Uber and Lyft and spend the money on the traditional taxi industry, a subsidy that appears to be the first of its kind in the United States.

 

Republican Governor Charlie Baker signed the nickel fee into law this month as part of a sweeping package of regulations for the industry.

 

Ride services are not enthusiastic about the fee.