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New York’s Mamdani wants to tax the rich but can he persuade state leaders?

Mr Mamdani has proposed a new 2 percentage-point tax increase on residents making more than US$1 million a year.

New York City mayor-elect Zohran Mamdani has proposed a new 2 percentage-point tax increase on residents making more than US$1 million a year.

PHOTO: VINCENT ALBAN/NYTIMES

Grace Ashford and Benjamin Oreskes

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NEW YORK – Just days after Mr Zohran Mamdani

captured the race for mayor of New York City

, he found himself confronting his next battle – getting state leaders to raise taxes or find other funding streams to pay for his affordability agenda.

The effort started this week in Puerto Rico, where he arrived on Nov 6 along with many of New York state’s top Democrats, including Governor Kathy Hochul, for their annual conference to mingle, muse about election day and make early headway on the issues looming in the coming legislative session.

New York’s Mamdani wants to tax the rich but can he persuade state leaders?

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