Mamdani repeatedly sidesteps questions on reported plan to revive tax hikes on wealthy New Yorkers

New York City Mayor Zohran Mamdani repeatedly avoided questions regarding a reported plan to launch a public campaign this fall to advocate for tax increases on wealthy New Yorkers and corporations. Instead, he emphasized current initiatives, such as the expansion of free child care seats, and stated that discussions about future campaigns would occur after the November election. This reported push aims to revive previous proposals that Governor Kathy Hochul had rejected, which sought to address the city’s budget gap through higher personal and corporate income taxes.

• Mayor Zohran Mamdani repeatedly sidestepped questions about a reported fall campaign to push for tax hikes on wealthy New Yorkers and corporations.
• Mamdani stated that discussions about post-election plans would only occur after the November election.
• He highlighted the opening of 2,000 free child care seats as a policy achievement and mentioned ongoing communication and partnership with Governor Kathy Hochul.
• The reported campaign would revive previous proposals by Mamdani to raise personal income tax on those earning $1 million or more and increase corporate tax rates, which Governor Hochul had previously rejected.
• An alternative pied-à-terre tax on high-value second homes, jointly advanced by Hochul and Mamdani, was passed in May 2026 and is projected to raise about $500 million annually.