Zohran Mamdani asks NYS lawmakers for 2% tax hike on wealthy

Source: New York Post

ALBANY — Mayor Zohran Mamdani told state lawmakers on Wednesday that the only way out of the city’s $12 billion budget gap is to raise taxes on the wealthy. Hizzoner, during his first Tin Cup Day in Albany, formally called on the state Legislature to raise income taxes on people making more than $1 million by 2%. “I’m asking for a 2% raise in personal income taxes on the most affluent New Yorkers, someone earning $1 million a year.