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The Way Forward

MichMan

(15,517 posts)

2. That is enough to pay for rent freezes, free child care, free bus fares and city owned grocery stores?

Reply to vanessa_ca (Original post)

Fri Jul 11, 2025, 08:35 PM

Jul 11

Mamdani has proposed raising taxes even higher – adding a 2% income tax on New York City residents who make over $1 million per year and raising the top corporate tax rate to 11.5%.

2% ? Doesn't seem like that would raise enough $$, but they believe it will, so probably right. I suspect however that the increase in corporate taxes will just be passed on to consumers like tariffs are.

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vanessa_ca

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Highlight:

Mamdani promised to tax the rich. DSA is already mobilizing to make that happen. [View all] vanessa_ca Jul 11 OP

Eat the Rich usonian Jul 11 #1

That is enough to pay for rent freezes, free child care, free bus fares and city owned grocery stores? MichMan Jul 11 #2

I'm in no position to confirm, but Brad Lander seems to think so, vanessa_ca Jul 11 #3