Massachusetts to tax ride-hailing apps, give the money to taxis

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.
Read more: http://www.reuters.com/article/us-massachusetts-uber-idUSKCN10U1ST?source=Snapzu