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Zohran Mamdani: “New York State's top corporate tax rate is 7.25%. New…”

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

Zohran Mamdani Discusses His Historic Mayoral Campaign and Vision for New York City

Published July 1, 2025 | Video Starts at 06:06

One of the ways or the way that you say you're going to pay for these programs is by increasing the corporate taxes on corporations, by matching New York State's top corporate tax rate is 7.25%. New Jersey's is 11.5%. Okay. And then also an income tax on anybody who makes over a million dollars. Right. 2%, the top 1% of New Yorkers. (06:06–06:12)

CLAIM

Asserts the current corporate tax rates for New York State and New Jersey.

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

“New York City is the most expensive city in the United States of America.”
Zohran Mamdani Discusses His Historic Mayoral Campaign and Vision for New York City | Uploaded July 1, 2025 | 01:26-01:40
“In the first round of ranked choice voting, we got more votes than Eric Adams did after seven rounds in 2021.”
Zohran Mamdani Discusses His Historic Mayoral Campaign and Vision for New York City | Uploaded July 1, 2025 | 02:42-02:49
“In November, New York was the state that swung most towards Donald Trump, 11 and a half points.”
Zohran Mamdani Discusses His Historic Mayoral Campaign and Vision for New York City | Uploaded July 1, 2025 | 03:54-04:00
“Freezing the rent for more than 2 million rent stabilized tenants.”
Zohran Mamdani Discusses His Historic Mayoral Campaign and Vision for New York City | Uploaded July 1, 2025 | 04:30-04:33
“Taking the slowest buses in the nation, making them fast and free.”
Zohran Mamdani Discusses His Historic Mayoral Campaign and Vision for New York City | Uploaded July 1, 2025 | 04:32-04:37
“Delivering universal childcare.”
Zohran Mamdani Discusses His Historic Mayoral Campaign and Vision for New York City | Uploaded July 1, 2025 | 04:36-04:38
“2%, the top 1% of New Yorkers.”
Zohran Mamdani Discusses His Historic Mayoral Campaign and Vision for New York City | Uploaded July 1, 2025 | 06:16-06:19
“We were able to overcome [Andrew Cuomo's] objections and raise $4 billion in new taxes that would then fund those schools.”
Zohran Mamdani Discusses His Historic Mayoral Campaign and Vision for New York City | Uploaded July 1, 2025 | 07:21-07:32
“Even Andrew Cuomo, in his own transportation plan, said that he wanted to explore making buses free.”
Zohran Mamdani Discusses His Historic Mayoral Campaign and Vision for New York City | Uploaded July 1, 2025 | 08:36-08:41
“Polling...for making buses free...freezing the rent for rent stabilized tenants...has support not just among Democrats, but oftentimes even…”
Zohran Mamdani Discusses His Historic Mayoral Campaign and Vision for New York City | Uploaded July 1, 2025 | 08:48-09:02
“Matching the corporate tax rate of our regional neighbor and by increasing income taxes in the top 1%...both of those groups...would still…”
Zohran Mamdani Discusses His Historic Mayoral Campaign and Vision for New York City | Uploaded July 1, 2025 | 10:12-10:31
“$2.90 may not seem like a lot to many who are listening. It's out of reach for one in five New Yorkers.”
Zohran Mamdani Discusses His Historic Mayoral Campaign and Vision for New York City | Uploaded July 1, 2025 | 12:02-12:08
“The top three ages that turned out were 18 to 24, 25 to 29, 30 to 34.”
Zohran Mamdani Discusses His Historic Mayoral Campaign and Vision for New York City | Uploaded July 1, 2025 | 14:09-14:16
“I also say this as the first South Asian elected official, the first Muslim elected official to ever run for mayor.”
Zohran Mamdani Discusses His Historic Mayoral Campaign and Vision for New York City | Uploaded July 1, 2025 | 14:56-15:02
“Andrew Cuomo had a sizable advantage from the beginning of this race.”
Zohran Mamdani Discusses His Historic Mayoral Campaign and Vision for New York City | Uploaded July 1, 2025 | 18:34-18:39
“I began this campaign at 1% name recognition.”
Zohran Mamdani Discusses His Historic Mayoral Campaign and Vision for New York City | Uploaded July 1, 2025 | 19:03-19:07
“Eric Adams's record has been raising the rent on more than 2 million New Yorkers by more than 9%.”
Zohran Mamdani Discusses His Historic Mayoral Campaign and Vision for New York City | Uploaded July 1, 2025 | 20:23-20:48
“Increasing the water bill to the highest it's been in 13 years.”
Zohran Mamdani Discusses His Historic Mayoral Campaign and Vision for New York City | Uploaded July 1, 2025 | 20:30-20:34
“Siding with Con Edison when they wanted to increase gas and electric bills by $65 a month.”
Zohran Mamdani Discusses His Historic Mayoral Campaign and Vision for New York City | Uploaded July 1, 2025 | 20:33-20:39
“I'm fighting to make every bus free because I won the first free bus pilot where we saw those exact results.”
Zohran Mamdani Discusses His Historic Mayoral Campaign and Vision for New York City | Uploaded July 1, 2025 | 20:54-21:01
“I won nearly half a billion dollars in debt relief for working class taxi drivers.”
Zohran Mamdani Discusses His Historic Mayoral Campaign and Vision for New York City | Uploaded July 1, 2025 | 21:03-21:08
“There's no doubting the record that [Eric Adams] has as leading the city. A record where he has betrayed those very working class New…”
Zohran Mamdani Discusses His Historic Mayoral Campaign and Vision for New York City | Uploaded July 1, 2025 | 22:02-22:11
“An increase in about 800% to [prevent hate crimes across the city].”
Zohran Mamdani Discusses His Historic Mayoral Campaign and Vision for New York City | Uploaded July 1, 2025 | 24:16-24:18
“They've had to deal with more than $30 million of spending that paints me in that manner, that smears and slanders me.”
Zohran Mamdani Discusses His Historic Mayoral Campaign and Vision for New York City | Uploaded July 1, 2025 | 25:25-25:32
“I now have to have security at all times.”
Zohran Mamdani Discusses His Historic Mayoral Campaign and Vision for New York City | Uploaded July 1, 2025 | 28:51-28:54
“I received a number of death threats and someone who said that he was going to blow up my car.”
Zohran Mamdani Discusses His Historic Mayoral Campaign and Vision for New York City | Uploaded July 1, 2025 | 29:06-29:12
“I walked the length of Manhattan to speak to New Yorkers.”
Zohran Mamdani Discusses His Historic Mayoral Campaign and Vision for New York City | Uploaded July 1, 2025 | 29:18-29:23
“New Yorkers have still been able to give me a chance when I meet them, no matter what they have heard.”
Zohran Mamdani Discusses His Historic Mayoral Campaign and Vision for New York City | Uploaded July 1, 2025 | 30:06-30:14
“To be a good Muslim, you had to be a good person. You had to help those in need and harm no one.”
Zohran Mamdani Discusses His Historic Mayoral Campaign and Vision for New York City | Uploaded July 1, 2025 | 31:42-31:48
“Solidarity has to be at the core of what we do, and that it's not just something that is an ideal, but it's something that has to be…”
Zohran Mamdani Discusses His Historic Mayoral Campaign and Vision for New York City | Uploaded July 1, 2025 | 32:20-32:28
“I've appreciated a number of leaders across our party and the country who've spoken up about this very clear anti-Muslim bigotry and this…”
Zohran Mamdani Discusses His Historic Mayoral Campaign and Vision for New York City | Uploaded July 1, 2025 | 33:13-33:26
“They had a choice between two politicians, one of whom had the experience of leading the state. That also came with the experience of…”
Zohran Mamdani Discusses His Historic Mayoral Campaign and Vision for New York City | Uploaded July 1, 2025 | 34:11-34:28
“They chose the experience of myself, an assembly member who won half a billion dollars in debt relief for the very taxi drivers who had been…”
Zohran Mamdani Discusses His Historic Mayoral Campaign and Vision for New York City | Uploaded July 1, 2025 | 34:27-34:42
“I have taken on the eighth largest carbon emitter in the country and defeated a proposal for a fracked gas power plant.”
Zohran Mamdani Discusses His Historic Mayoral Campaign and Vision for New York City | Uploaded July 1, 2025 | 34:27-34:50
“Scaling up an operation from those two full-time employees to one that now manages over 52,000 volunteers.”
Zohran Mamdani Discusses His Historic Mayoral Campaign and Vision for New York City | Uploaded July 1, 2025 | 35:03-35:26
“We saw more than 400,000 New Yorkers vote for [this agenda] in the very places that we had been told we had lost the Republican Party for…”
Zohran Mamdani Discusses His Historic Mayoral Campaign and Vision for New York City | Uploaded July 1, 2025 | 35:50-35:59