Mayor Zohran Mamdani’s pals in the state Legislature are pushing a bill to give him the power to slap a 25% tax liability “surcharge” on Big Apple corporations.
The Democratic socialist mayor and his liberal followers have been on an ideological crusade to hike taxes on the wealthy and corporations to pay for their freebie-filled promises made during the 2025 campaign.
“This legislation would authorize New York City to charge a surcharge on corporate taxes, allowing the city to increase its corporate taxes should the mayor and City Council deem this necessary and appropriate,” said Assemblywoman Diana Moreno and Sen. Kristen Gonzalez in a memo summarizing their legislation.
Delaware is calling. Florida, too.