Tax The Wealthy Or Pay More? Mamdani’s Explosive Budget Ultimatum Shocks NYC

Описание: New York City politics is heating up after Zohran Mamdani unveiled his new city budget plan and issued a strong warning over taxation. The mayor has pushed for higher taxes on wealthy individuals and major corporations, arguing it is necessary to close the city’s growing budget gap and protect public services.

Mamdani warned that if state leaders refuse to approve higher taxes on the ultra-rich, the city could be forced to introduce a significant property tax increase. The announcement has sparked intense political debate, even creating friction within his own party as leaders clash over how to balance the budget.

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