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Mamdani laughs off fears over NYC tax hikes as Cuomo warns metropolis exodus looms
Politics

Mamdani laughs off fears over NYC tax hikes as Cuomo warns metropolis exodus looms

Scoopico
Last updated: October 24, 2025 4:58 pm
Scoopico
Published: October 24, 2025
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NEWNow you can take heed to Fox Information articles!

New York Metropolis mayoral candidate Zohran Mamadani laughed off how his plan to extend taxes on New Yorkers may influence them, suggesting these complaining about his plans are making a mountain out of a mole hill. 

Throughout an look this week on “Andrew Schulz’s Flagrant with Akaash Singh” podcast, Mamdani defended his proposals to boost the company tax charge, shift extra of the tax burden to “richer and whiter neighborhoods” and add a flat 2% revenue tax on earners making over $1 million — insisting his plan wouldn’t drive anybody out of the state. His critics, together with Impartial mayoral candidate and former New York Gov. Andrew Cuomo, disagree.

“The identical individuals who will say, ‘Oh, we will’t afford free buses. We won’t afford $700 million a yr in making the slowest buses in America quick and free –'” Mamdani started throughout a dialogue about how you can finest use political capital to profit New Yorkers, earlier than he was interrupted by the host of the podcast, Andrew Schulz.

‘ESCAPE FROM NEW YORK’: RESEARCHER PREDICTS NYC BUSINESS EXODUS IF ZOHRAN MAMDANI WINS

New York Metropolis mayoral candidate Zohran Mamdani laughs with hosts on “Andrew Schulz’s Flagrant with Akaash Singh” podcast that aired on Wednesday, Oct. 22, 2025. ( (CREDIT: Andrew Schulz’s Flagrant w Akaash Singh; Oct. 22, 2025))

“I do not agree with that, I believe you possibly can. I additionally suppose this concept that New Yorkers are going to flee due to a 2% improve,” Schulz interjected. “It is like, ‘I’ve been all over the place else. You are not going anyplace.’ Invoice Ackman’s not going nowhere, he’ll be within the Hamptons all summer time.”

“There’s just one place to write down these tweets – New York Metropolis,” Mamdani shot again because the group laughed amongst one another, referring to conservative billionaire Invoice Ackman’s energetic presence on X slamming his marketing campaign and liberal New York insurance policies. 

“Your A/C goes out in July, in Miami, he is sweating writing tweets? There is not any means,” Schulz continued, earlier than Mamdani chimed in amid all of the laughter: “He is spending extra money towards me than I might even tax him. On daily basis, it is like 1,000,000 {dollars}, 1,000,000 {dollars} … you are going above-and-beyond.”

Zohran Mamdani interviews on Fox News

New York Metropolis Democratic mayoral nominee Zohran Mamdani speaks throughout an interview on “The Story with Martha MacCallum” at Fox Information on Wednesday, Oct. 15, 2025, in New York Metropolis.  (Photograph by Evan Agostini/Invision/AP)

Fox Information Digital reached out to the Mamdani marketing campaign for remark however didn’t instantly hear again.

CUOMO CALLS NYC MAYORAL RIVAL ‘DANGEROUS,’ WARNS SOCIALISM WOULD BE ‘DEATH KNELL’ FOR CITY 

Cuomo, who’s working as an Impartial after dropping to Mamdani within the major, informed Fox Information’s “America’s Newsroom” this week that Mamdani’s democratic socialist insurance policies would drive up taxes and push individuals to flee the town. 

“You retain taxing companies and rich individuals in New York Metropolis, there can be no one left,” Cuomo argued. “Properly, Mamdani is a socialist Democrat, his solutions are at all times the identical — tax enterprise, tax the wealthy, elevate taxes, elevate taxes, present every little thing free. Free transportation, free meals. Free, free, free,” Cuomo continued. “New Yorkers know there isn’t any free.”

And Cuomo is not alone on this evaluation.

Andrew Cuomo and Zohran Mamdani shake hands on debate stage

From left to proper: Andrew Cuomo; Zohran Mamdani. (Photographer: Angelina Katsanis/AP)

“The specter of individuals leaving excessive tax, excessive crime jurisdictions like New York and different locations is actual,” Boca Raton, Florida’s Republican mayor, Scott Singer, informed Fox Information Digital.  

CLICK HERE TO GET THE FOX NEWS APP 

“It is arduous to foretell how dangerous the financial state of affairs goes to be, however Mamdani doubled down ultimately week’s debate and mentioned it is about time we raised taxes, and he was grateful for it,” Singer added. 

“When he is proposing a 17% marginal tax charge for New York Metropolis residents between state and native taxes, that is 17% that they will merely surrender by transferring right here and with jobs extra cellular due to expertise and with firms discovering nice workplace house right here, there’s much less and fewer cause for individuals to remain there.”

Fox Information Digital’s Gabriel Hayes and Andre Mark Miller contributed to this report.

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