NYC Lawmakers Propose 25% Corporate Tax Surcharge
Fort Wayne News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
New York City lawmakers, led by Mayor Zohran Mamdani, propose a 25% surcharge on corporate taxes to boost revenue and alleviate affordability issues. Big corporations, like Amazon and Tesla, currently pay a lower rate than neighboring states. Mamdani also advocates for higher income and corporate taxes, citing a budget deficit. Critics argue that high taxes are driving residents and businesses away.
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