Zohran Mamdani: “95% of its recipients [of the tax credit] make more than a…”

“And we believe that it's an important part of this because, again, we're talking about 95% of its recipients [of the tax credit] make more than a million dollars a year, more than 80% make more than $5 million a year. And it's the kind of tax credit that we're not even discussing the elimination of, simply the reduction of by a quarter that would make a significant difference for the city's fiscal ability to deliver for New Yorkers across the five boroughs.” (21:14)

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