Rep. Ocasio-Cortez joins calls for bailout of NYC taxi drivers

Years ago, a New York City taxi medallion could fetch a price well over $1M, but according to an investigation by the New York Times, a handful of taxi industry leaders profited by artificially inflating medallion prices and issuing reckless loans to drivers. Now, Rep. Alexandria Ocasio-Cortez is adding her name to a growing list of lawmakers that also includes Rep. Nydia Velasquez and Rep. Carolyn Maloney, who support a financial rescue package for New York City’s taxi drivers.