I think that will cost jobs and I think that would bankrupt businesses. I think it's too much, too fast. I also think we need to cut taxes for working families. 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. (12:55–13:01)
CLAIM
Asserts a proposal to eliminate NYC income tax for families making up to 250% of the Federal Poverty Level.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
