Will it Help Uber and Lyft when GOP Controls Congress?
The election is long over, but the new set of Senators, Representatives, and also Governors, Mayors and other elected officials are due to be sworn in about a month. This brings about a new set of ideas to both national and state legislature.
According to New York Times, Republicans now control both houses of 29 state legislatures and picked up at least 2 governor’s seats at a total of 31 governorships, highest since 1998. This is on top of the Democratic beatdown on the national stage, losing the majority in the Senate, with Republicans now controlling both the house and Senate in Congress as well.
So how does this affect Uber and Lyft?
The economic policy of the Republican Party is a market economy free of regulations and rules. The more rules and regulations you put on that would be to hinder the economy, which is bad. Extending this thinking to Uber and Lyft, I believe that Republicans in general would support Uber and Lyft.
Here is an excerpt from a MSNBC article discussing Republicans and its relationship with Uber:
Republicans love Uber. Young urban voters love Uber. And Republicans hope that means young voters can learn to love the GOP.Car-hailing and ride-sharing services like Uber, Lyft, Sidecar and others are wildly popular among wealthy, young, tech-savvy urbanites – precisely the kind of voters that the Republican Party needs to win over to remain competitive in the long run. Those same services also just happen to be warring with government regulators in cities across the country over whether the upstarts are operating illegally as unlicensed taxi services.The Republican Party is in love with Uber, and it wants to publicly display its affection all over the Internet.Uber, Lyft and Airbnb have become mascots for a Republican Party looking to promote a new brand of free market conservatism while making inroads with young voters.Though the companies were engineered in the Democratic bastion of Silicon Valley, Republicans seeking to promote their party as freedom-loving and tech savvy are latching on to them.