Zohran Mamdani: “Increase the corporate tax of New York State to match that…”

“And I think you have to raise taxes on the top 1% of New Yorkers, New Yorkers who make more than a million dollars a year. And you do that by raising taxes by them, 2%. And then you also Increase the corporate tax of New York State to match that of New Jersey. So that takes us from about 7.25 to about 11.5%, which is what we see in New Jersey. These things together raise about $9 billion, which more than pays for our economic agenda and also starts to trump proof our.” (00:54–00:57)

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.