Gov. Kathy Hochul shut down Democratic Socialist mayoral candidate Zohran Mamdani’s plan to hike taxes on some New Yorkers — as she admitted high costs were pushing residents to move out of state.
Hochul was asked in a TV interview if she backed Mamdani’s plan to tax wealthy New Yorkers and up the corporate tax and flatly replied, “No.”
“I’m not raising taxes at a time where affordability is the big issue,” Hochul told PIX 11.
Mamdani has said he would impose a 2% income tax on Big Apple residents who make more than $1 million a year and inflate the corporate tax from 7.25% to 11.5%, the same as New Jersey…