A looming budget fight in New York is intensifying as Mayor Zohran Mamdani pushes an aggressive plan to hike taxes on wealthy residents and major corporations, setting up a direct clash with Gov. Kathy Hochul.
According to Fox News, the announcement received sharp criticism from Wall Street Journal editor-at-large Gerry Baker, who warned that the mayor’s proposal would be “catastrophic,” arguing it reflects a broader ideological shift.
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