Mamdani asks New York State to raise taxes on 'ultra-wealthy' to address city budget deficit
New York Mayor Zohran Mamdani (D) asked Democratic Gov. Kathy Hochul to raise taxes on the “ultra-wealthy,” citing a "significant chasm" in the city's $5.4 billion deficit. During a preliminary budget proposal announcement on Tuesday, Mamdani laid out two different “paths” the city could take to address the deficit concerns. The first and “most sustainable and...
New York Mayor Zohran Mamdani (D) asked Democratic Gov. Kathy Hochul to raise taxes on the “ultra-wealthy,” citing a "significant chasm" in the city's $5.4 billion deficit. During a preliminary budget proposal announcement on Tuesday, Mamdani laid out two different “paths” the city could take to address the deficit concerns. The first and “most sustainable and...
What's Your Reaction?
