New York Gov. Kathy Hochul may raise corporate taxes, a plan which Mayor-elect Zohran Mamdani campaigned on.
Mamdani ran on a promise to make New York City affordable for low-income families, freeze rent, offer fast and free buses and offer free childcare. To achieve that, he will need to convince Hochul to raise corporate taxes.
He proposed that Hochul raise the city’s corporate tax from 7.5% to 11.5%, according to The New York Times…