Meeks announces legislation that would help relieve taxi medallion owners of crippling debt

The collapse of the medallion market led many to commit suicide as they faced financial ruin due to predator loans, lax oversight by the city and state, and unregulated app-dispatch companies such as Uber and Lyft that took away so much business from yellow cabs in recent years.

The bi-partisan legislation, known as The Tax Relief for Taxi Drivers Act would ensure that defrauded New York taxi drivers would get the debt relief that they need and not face “absurd IRS tax bills,” according to Congresswoman Carolyn Maloney.

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