Zohran Mamdani pushes NYC tax hike on the wealthy — in blow to fellow Democrat Kathy Hochul’s price range plan



It’s not sufficient for Mam.

Mayor Zohran Mamdani dismissed Gov. Kathy Hochul’s state price range proposal that got here with a pledge to not hike revenue taxes — saying Wednesday he’s going to push for a rise anyway.

It’s the most recent transfer by Mamdani to drag Hochul to the left to align with him and his liberal supporters’ purpose of soaking rich New Yorkers to boost billions to pay for a freebie-filled agenda that features free bus fares.

“Our administration is making ready to make the case that it’s the time for New York’s most worthwhile firms and wealthiest residents to pay their fair proportion,” Mamdani informed reporters at an unrelated press convention on the Whitney Museum in Manhattan. 

Mayor Mamdani stated he’s ‘making the case’ to boost taxes on firms and the rich. Erik Pendzich/Shutterstock

The feedback got here simply someday after Hochul unveiled a mammoth $260 billion price range for the Empire State because the Democrat governor faces strain each from the left and proper in an election yr. She unveiled a common pre-k plan in her price range alongside the push from Mamdani and supporters.

However that wasn’t sufficient for the mayor, who stated the state makes up 54.5% of the state’s tax income however solely acquired 40.5% again — and he’ll want Albany to OK any hikes for the Massive Apple.

“What we want to do is to deal with lengthy standing fiscal points that each should do with the necessity for extra income from the very best earners, but additionally the connection between Metropolis Corridor and Albany,” he stated.

Gov. Hochul launched the state price range proposal Tuesday which doesn’t embody tax hikes regardless of Mamdani’s needs. Mike Groll/Workplace of Governor Kathy Hochul

Mamdani, who took workplace simply three weeks in the past, is already dealing with a $12.6 billion price range deficit anticipated to hit town within the subsequent two fiscal years. He condemned his predecessor, former Mayor Eric Adams, for Gotham’s fiscal woes however stated the state was on regular floor.

“I believe that it’s really the governor’s fiscal stewardship, I believe it’s additionally the energy of our metropolis’s tax base, that the state is on agency monetary footing,” he stated.

“The difficulty, nevertheless, is that town will not be, and that may be a outcome, a direct results of Eric Adams’s gross fiscal mismanagement,” he added. 

The mayor’s feedback are the most recent blow to Hochul as she tries to stability appeasing the left of the get together whereas making an attempt to attraction to moderates and independents within the suburbs. The governor is already dealing with a celebration major problem from Lt. Gov. Antonio Delgado who’s operating to her left.

Republican Bruce Blakeman, who’s the Nassau County government, has pounced within the early days of the marketing campaign and portrayed the governor as beholden to the liberal wing of her get together.

Hochul had endorsed Mamdani in a shock transfer throughout his 2025 marketing campaign, then confronted supporters chanting at her to “Tax the Wealthy” at a big rally of his supporters.

Mamdani opted to go after Mayor Eric Adams fiscal administration as a substitute of Hochul in his remarks Wednesday — noting her ‘fiscal stewardship.’ Paul Martinka

Regardless of Mamdani’s unrelenting push to boost taxes on rich people and firms, Metropolis Comptroller Mark Levine’s latest report confirmed that tax revenues elevated 7% in Fiscal 12 months 2026. 

“This wasn’t attributable to a foul economic system — it’s the results of budgeting selections from the earlier administration that we should now take care of,” Levine stated.

Hochul hasn’t fully dominated out future tax will increase after the November elections, however her price range director Blake Washington informed the Submit Tuesday it was one thing she needed to keep away from. 

“She thinks it’s a final resort to boost taxes on anyone at any time,” Washington stated.



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