Zohran Mamdani Has Three Months To Save New York From Meltdown

Watch The Full Philip DeFranco Show: https://www.youtube.com/defranco?sub_confirmation=1 Subscribe for more Quickie News: https://www.youtube.com/defranco?sub_confirmation=1 You’ll remember that last month Zohran Mamdani came out in front of his constituents and declared: “New York City is facing a serious fiscal crisis.” Basically, for reasons he blames on Eric Adams and Andrew Cuomo, the city’s facing a budget deficit of 5.4 billion dollars. So Mamdani laid out two options: Either Governor Kathy Hochul and the state legislature in Albany raise income taxes by 2% on New York’s 33,000 wealthiest residents who make over a million dollars a year, raise corporate taxes as well, and stop the drain of city resources to the state, or if they refuse, the city will have to dip into its cash reserves and hike property taxes, which are extremely unpopular and hit the middle class, not just the super rich. We’re talking a 9.5% tax hike on over three million single-family homes, co-ops and condos, as well as over 100,000 commercial buildings. With the Citizens Budget Commission estimating that would amount to some 700 extra dollars a year in taxes for the typical owner of a one-, two- or three-family home. Now this ultimatum was widely seen as a threat to pressure Albany into raising income taxes. And apparently that’s how Hochul saw it too, with sources telling The New York Times she was greatly angered by the framing and thought Mamdani’s presentation amounted to grandstanding. Though for his part, the mayor reportedly agreed not to escalate his rhetoric on demanding tax increases, and he refrained from attending “tax the rich” rallies. But now the April 1st deadline for the state budget is quickly approaching, and neither Hochul nor the state legislature show any signs of bowing to Mamdani’s pressure campaign. In fact, if anything, Mamdani’s the one who’s buckled under pressure, with the Times now reporting that he seems to have all but given up on the idea of hiking property taxes. —————————— Produced by: Cory Ray, Philip DeFranco Edited by: James Girardier, Maxwell Enright, Julie Goldberg, Christian Meeks, Matthew Henry Art Department: William Crespo Writing/Research: Chris Tolve, Philip DeFranco ———————————— #USA #America #Mamdani