Mamdani Asks for 2% Tax Hike on the Wealthy

New York City Mayor Zohran Mamdani told state lawmakers that the only way out of the city’s $12 billion budget gap is to raise taxes on the wealthy, the New York Post reports.

Said Mandani: “I’m asking for a 2% raise in personal income taxes on the most affluent New Yorkers, someone earning $1 million a year. The top 1% of New York City can afford to contribute $20,000 more in taxes.”