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Mamdani repeatedly sidesteps questions on reported plan to revive tax hikes on wealthy New Yorkers

Wayne Park
Last updated: August 7, 2026 3:33 am
Last updated: August 7, 2026 4 Min Read
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Mamdani repeatedly sidesteps questions on reported plan to revive tax hikes on wealthy New Yorkers
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New York City democratic socialist Mayor Zohran Mamdani repeatedly sidestepped questions Thursday about reported plans to launch a public pressure campaign this fall pushing tax hikes on wealthy New Yorkers and corporations.

Mamdani reportedly plans to build public support after Labor Day for similar proposals that Gov. Kathy Hochul previously rejected in early 2026. The reported push is expected ahead of the New York Legislature’s return to Albany in January 2027 and Hochul’s re-election campaign this fall, according to The New York Post.

During an interview with Fox 5 New York, Mamdani repeatedly declined to answer questions about the potential campaign before later saying such discussions would only come after the November election.

Asked whether he had spoken with Hochul about the reported campaign, Mamdani did not answer directly, instead using the opportunity to tout the opening of 2,000 free child care seats for New Yorkers through their policy efforts.

NYC MAYOR MAMDANI CALLS THREAT OF RICH PEOPLE LEAVING NYC OVER TAXES ‘IMAGINED’

“The governor and I are in constant communication and, frankly, I appreciate her partnership because if it wasn’t for the governor, then we wouldn’t have been able to stand together to announce that we had more than 5,000 New Yorkers come forward to apply for these 2,000 free child care seats,” he said. “And I’m so excited about that, and the fact that we’re going to expand to 12,000, and the work that’s still to come.”

The reporter then pressed Mamdani on whether the Democratic Socialists of America would join the potential campaign this fall, but he again declined to answer directly, saying his focus remains on the present.

BERNIE SANDERS, DSA REVEAL DEMANDS FOR DEM PARTY AFTER SOCIALISTS SWEEP NEW YORK ELECTIONS

hochul and mamdani speaking during event

“My focus right now is where we are, which is August, and ensuring that everything that we’re doing is keeping New Yorkers safe amidst a heat wave and preparing for the school year,” Mamdani said. “A lot of the conversation about what comes after November, I think, is a conversation for what comes after November.”

“So you don’t plan to launch a campaign to tax the rich before the November election?” the reporter asked.

“The conversations I’ve been having with the governor and with my team are about the here and now and there will always be time for the conversations that come after that,” Mamdani said.

MAMDANI EXTENDS DEADLINE FOR NYC HOMEOWNERS TO SEEK EXEMPTION FROM NEW PIED-À-TERRE TAX

Zohran Mamdani speaking during a rally

The reported campaign would revive a previous push by Mamdani to close the city’s multibillion-dollar budget gap through tax increases, a proposal Hochul previously rejected. Mamdani’s earlier plan called for raising the city’s personal income tax rate on filers earning $1 million or more, a move he projected could generate roughly $3 billion annually, while also increasing corporate tax rates.

As an alternative, Hochul and Mamdani jointly advanced the state’s first pied-à-terre tax, an annual surcharge on certain high-value second homes, which passed in May 2026. State and city officials have projected the measure could raise about $500 million annually.

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Mamdani also said his May 2026 executive budget closed what his administration described as an inherited $12 billion budget gap, crediting aggressive savings, new investments, his partnership with Albany and new tax revenue, including the pied-à-terre tax.

Mamdani’s office did not immediately respond to a request for comment from Fox News Digital.

Read the full article here

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