Zohran Mamdani: “Increase income taxes on the top 1% of New Yorkers who make…”

“And to that, I say we raise the top corporate tax rate of corporations making millions of dollars in profits to match that of the radical socialist utopia of New Jersey. And we Increase income taxes on the top 1% of New Yorkers who make a million dollars a year by a flat 2%. And after all is said and done in both of these tax proposals, those same New Yorkers, those same corporations would still pay less than they did before 2016, when Trump implemented his own tax cuts.” (18:49–18:55)

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.