New York City Mayor Zohran Mamdani is backing a bold, high-stakes plan that could give him the authority to impose a 25% corporate tax surcharge on city businesses, sparking a fierce debate over the city’s economic future.
According to the New York Post, the proposal, championed by Assemblywoman Diana Moreno and Sen. Kristen Gonzalez, would allow the city to increase corporate taxes “should the mayor and City Council deem this necessary and appropriate,” the lawmakers wrote in a memo summarizing the legislation.
Read Full Article: https://ijr.com/mayor-mamdani-pushes-controversial-corporate-tax-hike-amid-budget-battle/
