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For the twenty second time, yellow cab drivers from throughout New York Metropolis pulled up and walked out of public service as they mobilized for debt reduction.

Taxi drivers banged drums and chanted megaphones outdoors Metropolis Corridor on Wednesday afternoon, with their fingers pointed on the authorities constructing, they shouted, “When the mayor lies, individuals die!”

The protest is amongst greater than 20 who – for months now – have been combating for debt reduction for yellow cab drivers who owe lots of of hundreds in loans for his or her medallions.

Protesters worry their voices shall be muffled after Mayor Invoice de Blasio introduced on March 9 the creation of $ 65 million in reduction for financially struggling taxi drivers. Drivers imagine the plan nonetheless leaves them slowed down in debt as they should select between paying off their loans and paying lease, whereas lenders reap the rewards.

The reduction plan is meant to supply assist to drivers in monetary disaster by offering federal stimulus loans of as much as $ 9,000 for debt reimbursement. Plus, no curiosity on loans of as much as $ 20,000 to assist restructure locket debt. Drivers say this isn’t sufficient as a result of these funds is not going to offset the debt they incur and can solely present lenders with a money bailout.

Drivers are asking for debt cancellation. Picture by Dean Moses

Bhairavi Desai, govt director of the New York Taxi Employees Alliance, instructed amNewYork Metro that she appears like she’s again to sq. one after the March 9 announcement and hopes the town is aware of the battle isn’t completed. She requires debt reduction by means of a complete bailout for the New York Taxi Employees Alliance, decreasing medallion prices to $ 125,000 and never the lots of of hundreds of {dollars} at the moment owed.

“We’re in opposition to quite a bit, in opposition to the mayor saying that he has solved this downside. Nobody desires to listen to that one thing is unresolved, individuals wish to imagine that it has been resolved. We are actually pressured to power individuals to reopen their eyes, ”Desai mentioned.

Desai additionally highlighted the dire state of psychological well being of drivers. Feeling like they’d no approach out, many taxi drivers determined to kill themselves. As taxi house owners, drivers are unable to give up their jobs for greener pastures at different firms like Uber or Lyft.

Taxi drivers name the mayor and different elected officers outdoors Metropolis Corridor. Picture by Dean Moses

“Rental drivers can go and work for firms that might do higher. If you’re the owner-driver, you’re handcuffed to that wheel and with no actual resolution, you actually threat a life sentence for debtors, ”Desai mentioned.

From 1 p.m. to three p.m. on April 14, taxi drivers circled and shouted at Metropolis Corridor, hoping their calls can be heard.

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