Zohran Mamdani: “Increasing the top corporate tax rate of New York to match…”

“And we put forward a plan to pay for these and more to start Trump proofing our city through two major revenue streams. Increasing the top corporate tax rate of New York to match that of New Jersey, that raises $5 billion. And increasing income taxes on the top 1% of New Yorkers who make a million dollars or more a year by 2%.” (05:38–05:43)

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.