Uber, Lyft unleash avalanche of cash to kill 'fund the bus' plan

[RandySF]

Ride-share companies just dropped uber cash to topple a ballot measure meant to fund San Francisco’s Muni system.

Uber just spent $750,000, while Lyft put up $65,000, on a campaign against Proposition L, “The Community Transit Act,” a ballot initiative that would levy a gross-receipts tax on ride-share companies to help restore transit service across the city.

The Aug. 29 donation was spotted in a Tuesday filing to the city’s ethics commission. Kat Siegal said she and other Proposition L proponents have long braced for an onslaught from Uber’s bank account.

“We’re certainly concerned about it, but it doesn’t change our strategy,” Siegal told The Standard. “We know we can’t compete with them in terms of money, but we’re going to win through people power and conversation with voters.”



https://sfstandard.com/2024/09/25/uber-lyft-prop-l-san-francisco-muni-tax/

[MichMan]

1. But, Siegal notes, gross-receipts taxes -- like the one proposed under Prop. L -- apply to the company, not to rides.

But, Siegal notes, gross-receipts taxes — like the one proposed under Prop. L — apply to the company, not to rides.

If Uber hikes its ride fees, she said, “that’s their choice.”