Democratic mayoral nominee Zohran Mamdani is scheduled to meet with approximately 100 business leaders to discuss his candidacy and address their concerns regarding his progressive tax proposals. Mamdani aims to reassure leaders that his policies will not drive wealthy individuals out of New York City. He seeks to gain their endorsement as he faces opposition from independent candidates, including current Mayor Eric Adams. Mamdani emphasizes a desire for partnership while acknowledging that disagreements may arise during these high-stakes meetings.
Mamdani has a desire for partnership as he heads into high-stakes meetings with business leaders and Democratic Party bigwigs who have yet to endorse his candidacy.
Business leaders have voiced concerns about Mamdani's proposal to fund his priorities by raising New York's corporate tax rate to 11.5% and increasing taxes on those earning over $1 million annually.
Mamdani emphasized that the core of his politics is not just sincerity, but also a desire for partnership, acknowledging potential disagreements in the meetings.
Mamdani aims to get business leaders and establishment Democrats behind his general election effort as independent opponents attempt to block his path to City Hall.
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