"I've said time and time again that I believe these are the most straightforward ways that we can actually fund universal childcare, making buses fast and free, and I've said that the two clear ways to do so: raising personal income taxes on the top 1% by 2% and raising the corporate tax to match that of New Jersey's corporate tax of 11.5%,"
"Well, what Andrew Cuomo said is that if he had $959 million he'd give it to Elon Musk in tax credits because that's exactly what he did. And I bring that up to you to say that it's often a question of whether you have the willingness to spend that money to benefit working-class people, not where that money is in the first place,"
Zohran Mamdani proposes raising the personal income tax rate on the city's wealthiest 1% by two percentage points and increasing the corporate tax rate to 11.5% to fund free buses and universal childcare. The plan targets the wealthiest residents and corporations to generate revenue specifically for universal childcare and faster, free public buses. Mamdani emphasizes that alternative revenue methods are acceptable so long as the agenda is funded. He notes support from Governor Kathy Hochul for universal childcare and criticizes prior use of large tax credits for wealthy recipients over working-class benefits.
Read at Fox Business
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