Mamdani open to 'alternative' to raising taxes on rich

NBC NewsSaturday, November 22, 2025 at 10:14:15 PM
NeutralU.S News
Mamdani open to 'alternative' to raising taxes on rich
  • NYC Mayor-elect Zohran Mamdani has expressed openness to exploring alternatives to raising taxes on the wealthy and businesses to fund his initiatives, following discussions with Governor Kathy Hochul, who has been skeptical of tax increases. This stance reflects a pragmatic approach as Mamdani prepares to take office.
  • The decision to consider alternatives to tax increases is significant as it may influence the financial strategies for funding public services and initiatives aimed at enhancing affordability and public safety in New York City.
  • This development highlights ongoing debates about taxation and public funding in New York, particularly as Mamdani faces challenges in securing funding for his proposals, including free bus rides, amidst differing views from state leadership and the business community.
— via World Pulse Now AI Editorial System

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