Mamdani comes from a culture that lies about everything
It’s literally a virtue to lie if it advances his Islamist agenda
The West will learn this lesson the hard way
"Millionaire Tax": A proposed flat 2% income tax increase on New Yorkers earning over $1 million annually. This is estimated to generate $4 billion in incremental revenue. Mamdani's campaign states this would fund programs such as universal free early childcare, free bus rides, and affordable housing initiatives. [1]
Corporate Tax Rate Increase: An increase of the top corporate tax rate to 11.5%, up from the current 7.25%. Mamdani's campaign projects this would generate an additional $5 billion annually [1]
Other proposals:
Freezing monthly rent payments governed by a city board.
Stepping up local enforcement of consumer protection laws and banning non-compete clauses.
Implementing common-sense procurement reform, ending senseless no-bid contracts, hiring more tax auditors, and cracking down on fine collection from corrupt landlords to raise an additional $1 billion [2]
In the end, most of these things should be good for business and livability in NYC. He's explicitly not doing what a lot of Democrats do which is promise to raise taxes on the rich but then only raise them on salaried high-income earners.
His most recent comment on Twitter/X:
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Here's the tax policies:
"Millionaire Tax": A proposed flat 2% income tax increase on New Yorkers earning over $1 million annually. This is estimated to generate $4 billion in incremental revenue. Mamdani's campaign states this would fund programs such as universal free early childcare, free bus rides, and affordable housing initiatives. [1]
Corporate Tax Rate Increase: An increase of the top corporate tax rate to 11.5%, up from the current 7.25%. Mamdani's campaign projects this would generate an additional $5 billion annually [1]
Other proposals:
Freezing monthly rent payments governed by a city board.
Stepping up local enforcement of consumer protection laws and banning non-compete clauses.
Implementing common-sense procurement reform, ending senseless no-bid contracts, hiring more tax auditors, and cracking down on fine collection from corrupt landlords to raise an additional $1 billion [2]
In the end, most of these things should be good for business and livability in NYC. He's explicitly not doing what a lot of Democrats do which is promise to raise taxes on the rich but then only raise them on salaried high-income earners.
1: https://www.reuters.com/markets/us/mamdanis-millionaire-tax-... 2: https://www.zohranfornyc.com/