Zohran Mamdani: “New York a corporate tax rate of 7.25%. New Jersey has one…”

“And the way that we would step up to the plate and finally end this exodus of working class New Yorkers is, it is just by mirroring the example of the radical socialist utopia of New Jersey. We have in New York a corporate tax rate of 7.25%. New Jersey has one of 11.5%. Just by matching that corporate tax rate, just by building on the corporate tax rates that we used to tax corporations in New York in the 90s, we could raise the amount of money necessary to pay for our entire agenda.” (33:45–33:52)

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.