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Zohran Mamdani: “It would raise $5 billion just in doing so.”

Featuring: Zohran Mamdani, Democratic | Mayor of New York City

New York City Mayoral Candidate Zohran Mamdani Discusses Housing, Public Goods, and Economic Policies on Odd Lots Podcast

Published May 23, 2025 | Video Starts at 29:34

That's a tax that applies to the topmost level of profitable corporations. We're talking about their profits, millions of dollars, and It would raise $5 billion just in doing so. The second part of the tax plan, which would raise $4 billion, would be to increase New York City's income tax rate rate on the top 1% of income earners. (29:34–29:38)

CLAIM

Asserts that raising the corporate tax rate would generate $5 billion.

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.

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