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4 months ago

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

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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4 months ago
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