$65 million bailout for taxi drivers in New York

The US metropolis of New York is discussing the way forward for yellow taxi drivers.

Whereas the New York Instances newspaper targeted on the topic, it was said that New York Metropolis drivers who needed to personal their very own taxis have been directed to loans that dragged them into debt, even chapter.

$65 MILLION PLAN ANNOUNCED

Within the information, “Town that earned a whole lot of thousands and thousands of {dollars} from the app ignored the plight of taxi drivers.” it was stated.

Within the face of the state of affairs of taxi drivers, New York Mayor Invoice de Blasio introduced a $65 million plan to assist drivers whose losses are exacerbated by the coronavirus epidemic.

Underneath the plan, the credit score money owed of taxi drivers will probably be restructured.

“IT WILL MAKE A DIFFERENCE”

Nevertheless, it was famous that the plan in query was not precisely the rescue package deal that the taxi drivers needed, so they are going to proceed to face massive month-to-month funds.

Mayor Blasio, “This new plan will make a distinction for many drivers.” stated.

Reacting to the choice, auditor Scott Stringer “The Mayor’s proposal is embarrassing and doesn’t present the help drivers deserve.” he stated.

BIG INCREASE IN TAXI LICENSE CHARGE

It’s said {that a} group of taxi trade leaders in the USA elevated the worth of the taxi license from about $ 200 thousand to over $ 1 million.

Within the gentle of this improvement, it was identified that migrant drivers have been channeled into loans that they may not afford.