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Zohran Mamdani: “Just matching our regional neighbor raises $5 billion a…”

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

Queens Assemblyman Zohran Mamdani Discusses Mayoral Campaign and Key Issues in New York City

Published June 10, 2025 | Video Starts at 07:32

And I've put forward a plan that would match the state's top corporate tax rate of 7.25% to that of New Jersey, 11.5%. Just matching our regional neighbor raises $5 billion a year. That could make free buses a reality about five, six times over. Very quickly, for smaller landlords who say, I'm not making what the big guys make. (07:32–07:37)

CLAIM

Asserts that matching New Jersey's corporate tax rate would generate $5 billion annually.

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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Zohran Mamdani

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“The landlords of those units, their lobby Group just donated $2.5 million to Andrew Cuomo.”
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“Buses would cost about $700 million a year to make free.”
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“I've put forward a plan that would match the state's top corporate tax rate of 7.25% to that of New Jersey, 11.5%.”
Queens Assemblyman Zohran Mamdani Discusses Mayoral Campaign and Key Issues in New York City | Uploaded June 10, 2025 | 07:24-07:33
“We have changed what was a 40 point race into one that is now in single digits.”
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“We were polling at 1%, and that was about the number of New Yorkers who knew who I was.”
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“We have 34,000 volunteers.”
Queens Assemblyman Zohran Mamdani Discusses Mayoral Campaign and Key Issues in New York City | Uploaded June 10, 2025 | 02:48-02:51
“We knocked 15,000 doors in just the last 24 hours, and more than 900,000 now over the course of the campaign.”
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“About a quarter of New Yorkers have yet to hear from us.”
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“We need a mayor who will look authoritarianism in the eye and not see a reflection of themselves.”
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“We have had a pastor be arrested by the NYPD.”
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“We do not need to be helping Donald Trump with his attempt to fulfill a campaign promise to build the largest deportation force this country…”
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“We put forward a proposal to create a Department of Community Safety that would focus on the mental health crisis and gun violence.”
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“The mayor has the power to [freeze rent] through something called the Rent Guidelines Board.”
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“Previous mayor froze the rent three times.”
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“I'm going to freeze the rent.”
Queens Assemblyman Zohran Mamdani Discusses Mayoral Campaign and Key Issues in New York City | Uploaded June 10, 2025 | 07:06-07:08
“I'm the person who's going to put nearly $7 billion back into their pockets, into our local economy.”
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“We've seen this mayor not just exacerbate a cost of living crisis for tenants, but also for homeowners and for landlords.”
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“This is a mayor who said he would fix the property tax system. He's instead defended it in court and lost every time.”
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“He's raised the water bill to the highest in 13 years.”
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“He supported Con Ed when they wanted to increase the gas and electric by 65 bucks a month.”
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“I know that because I was in those negotiations on the other side.”
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“For those landlords, there is a relief program they can apply to if they open their books and show that their ratio isn't where it needs to…”
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