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Andrew Cuomo: “I would also cap New York City homeowners property tax at no…”

Featuring: Andrew Cuomo, Democratic | Former Governor of New York

'If You Want An Experiment With Socialism, Go Visit Chicago And Tell Me How It Worked Out': Cuomo

Published August 11, 2025 | Video Starts at 12:46

I would eliminate the New York City income tax for families making up to 250% of FPL. That's about $77,000 for a family of four. I would also cap New York City homeowners property tax at no more than 2% a year or the cost of inflation. I pass this for the rest of the state because property taxes are a crusher for a homeowner and the increase in property taxes is a crusher. (12:46–12:55)

CLAIM

Proposes capping NYC homeowners' property tax increases at 2% annually or the rate of inflation.

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Andrew Cuomo

“50% of working age households can't meet basic needs.”
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“Cost of goods in New York City metropolitan area rose by 56% over the past decade.”
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“In New York, it's about 3.4 million riders on subways, about 1.3 million riders on buses.”
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“40% of New York City adults live in households at risk for food insecurity.”
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“14.6 of New York City residents are food insecure.”
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“New York State was the first to pass $15 minimum wage. It was the highest in the United States.”
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“It saved over $30 billion to homeowners.”
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“Eleven budgets passed on time hadn't been done in modern political history.”
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“New York, as we discussed, is a comeback capital.”
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“I propose a 100% subsidy for low income New Yorkers on both buses and subways.”
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“Low income defined as 150% of FPL federal poverty level.”
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“20% in the Bronx [are at risk for food insecurity].”
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“The Bronx in many categories is the borough that has more problems and problems of a greater magnitude than any other borough.”
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“My proposal is food subsidy for low income families who are not eligible for SNAP, but who still have hardship.”
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“SNAP is a federal Supplemental Nutrition Program which would be from 130% to 150%.”
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“My proposal is a $20 minimum wage, $17 in 2026.”
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“I believe 1 million workers will benefit and it will be a stimulative initiative.”
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“I would eliminate the New York City income tax for families making up to 250% of FPL.”
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“I passed a 2% property tax cap [for the rest of the state].”
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“I proposed a tax increase in 2021. That was my proposal. That was in my budget proposal that went to the legislature.”
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“What they did on the Amazon project that I had coming to Queens, thousands of jobs to open a second headquarters. Socialists were anti…”
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