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Zohran Mamdani: “We raised $4 billion a year in new taxes and we have more…”

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

Unintelligible Transcript with Repeated Speaker B Labels

Published June 9, 2025 | Video Starts at 03:38

And we said, we do it by taxing billionaires and corporations, his donors. And he said that they would leave. And we overcame his objections. We raised $4 billion a year in new taxes and we have more millionaires now. because ultimately we know that the super wealthy, they actually leave at 1/4 the rate of any other income group because of fiscal policy. (03:38–03:43)

CLAIM

Asserts that $4 billion a year in new taxes were raised and the number of millionaires increased.

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

“The super wealthy, they actually leave at 1/4 the rate of any other income group because of fiscal policy.”
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“There are about 24,000 units today at the very least, that are being what's called warehoused, kept off the market.”
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“We have a vacancy rate of close to 1%.”
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“Ridership went up by up to 38% [from the fare-free bus pilot].”
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“Assaults on bus drivers went down by 38.9% [from the fare-free bus pilot].”
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“Since 2014, there have been around 3,500 instances of New Yorkers being preyed upon [through deed theft].”
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“In the same period of time where 30,000 white New Yorkers moved in, 22,000 black New Yorkers moved out [of Bed Stuy].”
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“200 officers are leaving a month, nearly a quarter are thinking of leaving, and one of the leading reasons is forced overtime.”
Unintelligible Transcript with Repeated Speaker B Labels | Uploaded June 9, 2025 | 27:36-27:45
“Oregon took mental health response out of the police department, handling 20% of calls elsewhere.”
Unintelligible Transcript with Repeated Speaker B Labels | Uploaded June 9, 2025 | 28:04-28:08
“In New York City, police answer 500 mental health calls a day, 200,000 a year.”
Unintelligible Transcript with Repeated Speaker B Labels | Uploaded June 9, 2025 | 28:16-28:22
“We're only solving less than 40% of all crimes [in New York City].”
Unintelligible Transcript with Repeated Speaker B Labels | Uploaded June 9, 2025 | 28:23-28:27
“The State assembly is basically like a state version of Congress. So we have 150 members, each of whom represent about 130,000 people.”
Unintelligible Transcript with Repeated Speaker B Labels | Uploaded June 9, 2025 | 00:26-00:34
“I represent 130,000 people or so in Astoria and Long Island City in Queens.”
Unintelligible Transcript with Repeated Speaker B Labels | Uploaded June 9, 2025 | 00:33-00:38
“New Jersey has a top corporate tax rate of 11.5%. New York has one of 7.25%.”
Unintelligible Transcript with Repeated Speaker B Labels | Uploaded June 9, 2025 | 02:18-02:25
“If you just match New Jersey, that raises $5 billion a year that pays for free buses seven, eight times over.”
Unintelligible Transcript with Repeated Speaker B Labels | Uploaded June 9, 2025 | 02:24-02:33
“The second tax that we would raise is on the personal income tax of the top 1% of New Yorkers.”
Unintelligible Transcript with Repeated Speaker B Labels | Uploaded June 9, 2025 | 02:33-02:40
“In Kansas, they have a model of a municipal owned grocery store. It has been a successful model.”
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“In Chicago, they did a feasibility study to see could this apply to an urban setting. They found that it was not only feasible but also…”
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“The city's set to give those same supermarkets $140 million in subsidies.”
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“This proposal costs less than half. 60 million would open up one city owned grocery store in each borough.”
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“The mayor determines whether the rent increases for more than 2 million New Yorkers every year through a thing called the Rent Guidelines…”
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“The mayor we have now, he raised it 9%.”
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“Andrew Cuomo went to the Real Estate Board of New York and apologized for some of the most important tenant legislation that's been passed…”
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“He just got a $250,000 check from the guy who started RFK Jr super PAC.”
Unintelligible Transcript with Repeated Speaker B Labels | Uploaded June 9, 2025 | 08:11-08:17
“These are the people who are funding what is now more than a 9, $10 million super PAC.”
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“The de Blasio administration froze the rent three times in its admin.”
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“The average debt that a driver had was $550,000.”
Unintelligible Transcript with Repeated Speaker B Labels | Uploaded June 9, 2025 | 13:21-13:26
“Nine drivers had taken their own lives.”
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“On November 3, 2021, we won $450 million in debt relief for these taxi drivers.”
Unintelligible Transcript with Repeated Speaker B Labels | Uploaded June 9, 2025 | 14:05-14:12
“We took away the ability for these lenders to take these drivers homes if they reneged on the deal.”
Unintelligible Transcript with Repeated Speaker B Labels | Uploaded June 9, 2025 | 14:11-14:17
“I fought and won the largest investment in modern Albany history in better subway service, bus service, a reduced fare hike, and the first…”
Unintelligible Transcript with Repeated Speaker B Labels | Uploaded June 9, 2025 | 14:38-14:50
“I made one bus route free in each borough of New York City.”
Unintelligible Transcript with Repeated Speaker B Labels | Uploaded June 9, 2025 | 14:49-14:53
“The most significant increase [in ridership] came from New Yorkers making $28,000 a year or less.”
Unintelligible Transcript with Repeated Speaker B Labels | Uploaded June 9, 2025 | 15:04-15:09
“There was actually a poll done by the Jewish Action Network that found that I'm in second place with Jewish voters across New York City.”
Unintelligible Transcript with Repeated Speaker B Labels | Uploaded June 9, 2025 | 20:13-20:21
“One of the hearts of [deed] theft is Bed Stuy.”
Unintelligible Transcript with Repeated Speaker B Labels | Uploaded June 9, 2025 | 23:34-23:36
“We will create the Office of Deed Theft Prevention.”
Unintelligible Transcript with Repeated Speaker B Labels | Uploaded June 9, 2025 | 23:56-24:00
“Put $10 million towards hiring lawyers and analysts to actually pursue people who are trying to prey upon our elder and vulnerable New…”
Unintelligible Transcript with Repeated Speaker B Labels | Uploaded June 9, 2025 | 24:01-24:11
“Another $10 million to create something called the tangled titled fund.”
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“Jonathan Rivera, who is still on the force, was recommended for dismissal by the same judge that recommended Daniel Pantaleo's dismissal.”
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“Eric Adams told New Yorkers they need not choose between safety and justice.”
Unintelligible Transcript with Repeated Speaker B Labels | Uploaded June 9, 2025 | 29:14-29:23
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Unintelligible Transcript with Repeated Speaker B Labels | Uploaded June 9, 2025 | 31:17-31:27
“I've been in second place for about three months, and now we've cut that final round lead down to less than nine.”
Unintelligible Transcript with Repeated Speaker B Labels | Uploaded June 9, 2025 | 31:43-31:49