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Pressure mounts on Hochul to back Mamdani’s plan to raise taxes for NYC

On HALO

2 weeks ago

Zohran Mamdani is headed to City Hall after Tuesday night's mayoral victory, but delivering on his ambitious campaign agenda could depend on a fight in Albany.The 34-year-old democratic socialist's plan to lower the cost-of-living in New York City through city-owned grocery stores, universal childcare and free buses requires raising taxes on the wealthiest New Yorkers, but any tax hike would require New York state approval, and Gov. Kathy Hochul, D-N.Y., has rejected raising taxes.Mamdani campaigned on creating a 2% New York City income tax for anyone making more than $1 million a year and rai...

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2 weeks ago
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