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Zohran Mamdani on Tax Reform

NY State Rep and 2025 NYC Mayoral candidate

 


Raise taxes on corporations and millionaires

Zohran's revenue plan will raise the corporate tax rate to match New Jersey's 11.5%, bringing in $5 billion. And he will tax the wealthiest 1% of New Yorkers--those earning above $1 million annually--a flat 2% tax (right now city income tax rates are essentially the same whether you make $50,000 or $50 million).
Source: 2025 NYC Mayor campaign website ZohranForNYC.com , Jun 10, 2025

Increase personal income tax, not property tax

[Candidates] Ramos and Mamdani would increase the personal income tax of New Yorkers, while Cuomo and Sliwa would decrease them, with the other candidates saying they would keep them the same.

Walden, Cuomo and Sliwa would decrease the property tax rate, while Blake would increase it--most other candidates would keep the rate as it is now, except for Ramos, who did not provide an answer.

Source: FOX5NY on 2025 NYC Mayoral race , Jun 10, 2025

Other governors on Tax Reform: Zohran Mamdani on other issues:
NY Gubernatorial:
Andrew Giuliani
Joe Pinion
Larry Sharpe
Lee Zeldin
Letitia James
Rob Astorino
Tom Suozzi
NY Senatorial:
Antoine Tucker
Charles Schumer
Joe Pinion
Josh Eisen
Kirsten Gillibrand
Mike Sapraicone
Gubernatorial races 2025:
New Jersey Governor:
Virginia Governor:
    Democratic primary June 17 cancelled:
  • Abigail Spanberger, U.S.Rep., VA-7 (2019-2024); Dem. nominee 2025
  • Levar Stoney, VA Secretary of the Commonwealth (2014-2016); (withdrew to run for Lt. Gov.)

    Republican primary June 17 cancelled:
  • Winsome Earle-Sears, Lt. Gov. since 2022; GOP nominee 2025
  • Amanda Chase, State Senate District 11 (2016-2023); failed to make ballot
  • Denver Riggleman, U.S.Rep. (R-VA-5); exploratory committee as Independent
  • Glenn Youngkin, Incumbent Governor , (2022-2025), term-limited
Mayoral races 2025:
NYC Mayor Democratic primary June 24, 2025:
  • Adrienne Adams, speaker of the City Council
  • Andrew Cuomo, former governor of New York, 2011-2021.
    Republican June 24 primary cancelled; general election Nov. 4:
  • Eric Adams, incumbent Democratic mayor running as an independent
  • Jim Walden, Independent; Former assistant U.S. Attorney
  • Curtis Sliwa, Republican; CEO of the Guardian Angels

Jersey City Mayor (Non-partisan)
    Non-partisan general election Nov. 4:
  • Mussab Ali, former president of the Jersey City Board of Education
  • Bill O'Dea, Hudson County commissioner (since 1997)
  • Jim McGreevey, former N.J. Governor (2002-2004)
  • James Solomon, city councilor (since 2017)
  • Joyce Watterman, president of the Jersey City Council (since 2023)

Oakland CA Mayor
    Non-partisan special election April 14, 2025:
  • Barbara Lee, U.S.Rep CA-12 (1998-2025)
  • Loren Taylor, Oakland City Council (2019-2023), lost general election
  • Sheng Thao, Oakland Mayor, lost recall election Nov. 5, 2024
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Page last updated: Jun 23, 2025; copyright 1999-2022 Jesse Gordon and OnTheIssues.org