Zohran Mamdani: “We'd raise $4 billion by raising income taxes on the top 1%…”

“The top level of corporate tax would match that of New Jersey, where across the river they have an 11.5% top corporate tax rate. Here in New York, we have a 7.25% top corporate tax rate. And then We'd raise $4 billion by raising income taxes on the top 1% of New Yorkers. These are New Yorkers who make $1 million a year or more. By a flat 2% increase would just be about. I got to get this in. Zora.” (05:58–06:03)

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