NY Dems pushing to raise corporate tax rate to bail out Mamdani’s massive deficit: ‘There’s a huge appetite’

Source: New York Post

New York state Democratic lawmakers are pushing to raise the corporate tax rate on businesses to help bail out Mayor Zohran Mamdani, who is facing a projected $5. 4 billion deficit in the city budget, sources told The Post. “There’s a huge appetite to increase the corporate tax,” said a source who recently met with both state Assembly Speaker Heastie (D-Bronx) and Senate Majority Leader Andrew Stewart-Cousins (D-Yonkers).