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In this episode of the Budget & Tax News podcast, managing editor, Jesse Hathaway is joined by Heartland Institute policy advisor and Johnson & Wales University associate economics professor Adam C. Smith. Smith and Hathaway discuss Virginia’s recent legalization of sharing-economy transportation companies Lyft and Uber.
Last year, the Virginia Department of Motor Vehicles banned Lyft and Uber from operating in state, but backed down and allowed the companies to operate in the state until an agreement between lawmakers, regulators, and the companies could be reached. The bill resulting from those negotiations was recently signed into law by Gov. Terry McAuliffe (D), a result which Smith says was a win for consumers.
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