November 26, 2019 / 7:04 PM / 12 days ago

Chicago approves traffic congestion tax on ride-hailing services

CHICAGO, Nov 26 (Reuters) - A proposal to combat traffic congestion in Chicago by increasing taxes on certain ride-hailing trips won city council approval on Tuesday as the city and ride service companies accused each other of penalizing low-income riders.

Mayor Lori Lightfoot’s plan increases the city’s tax on single-passenger trips and lowers the tax on shared rides, while imposing new surcharges on weekday rides in the downtown area to raise $40 million for the fiscal year that begins Jan. 1.

Ride-hailing companies Uber Technologies Inc and Lyft Inc claimed the move would largely hurt low-income residents. (Reporting By Karen Pierog Editing by Chris Reese)

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