"We are going to make this city more affordable, so the workers who want to work at those companies can actually be able to do so,"
"And we're going to ensure that this city continues to be one where we see businesses opening and also stay open."
Assemblyman Zohran Mamdani is the Democratic frontrunner for the New York City mayoral race. His platform includes raising the corporate tax to 11.5% and increasing the income tax to 2% for residents earning more than $1 million. Revenue from tax increases would fund public services such as affordable transportation and universal childcare. The platform includes rent freezes and emphasizes affordability as a tool to attract tech CEOs by ensuring prospective employees can afford to live in the city. New York City contains several hundred thousand millionaires while about one in four residents live in poverty, according to a Columbia University study.
Read at Business Insider
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