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News Mamdani Plans to Tax Companies Even if They LEAVE New York City
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shere khan Offline
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Post: #61
RE: Mamdani Plans to Tax Companies Even if They LEAVE New York City
[Image: eixvBM7ijWtl.jpeg]
11-05-2025 03:54 PM
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stinkfist Offline
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Post: #62
RE: Mamdani Plans to Tax Companies Even if They LEAVE New York City
(11-05-2025 03:54 PM)shere khan Wrote:  [Image: eixvBM7ijWtl.jpeg]

03-lmfao03-drunk03-lmfao

Hochul already puttin' the squeeze on his 'dreams'...


https://www.foxbusiness.com/politics/pre...-taxes-nyc

Quote:Zohran Mamdani is headed to City Hall after Tuesday night's mayoral victory, but delivering on his ambitious campaign agenda could depend on a fight in Albany.

The 34-year-old democratic socialist's plan to lower the cost-of-living in New York City through city-owned grocery stores, universal childcare and free buses requires raising taxes on the wealthiest New Yorkers, but any tax hike would require New York state approval, and Gov. Kathy Hochul, D-N.Y., has rejected raising taxes.

Mamdani campaigned on creating a 2% New York City income tax for anyone making more than $1 million a year and raising the top state corporate tax rate to 11.5% to match New Jersey's in order to pay for his campaign promises.

But the mayor of New York City does not have the authority to raise taxes. Under New York state law — and consistent with Article XVI of the New York State Constitution — only the state legislature holds the power to tax, meaning the city cannot create new taxes or change existing rates without approval from the legislature and governor in Albany.
11-06-2025 07:21 AM
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Eldonabe Offline
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Post: #63
RE: Mamdani Plans to Tax Companies Even if They LEAVE New York City
(11-06-2025 07:21 AM)stinkfist Wrote:  
(11-05-2025 03:54 PM)shere khan Wrote:  [Image: eixvBM7ijWtl.jpeg]

03-lmfao03-drunk03-lmfao

Hochul already puttin' the squeeze on his 'dreams'...


https://www.foxbusiness.com/politics/pre...-taxes-nyc

Quote:Zohran Mamdani is headed to City Hall after Tuesday night's mayoral victory, but delivering on his ambitious campaign agenda could depend on a fight in Albany.

The 34-year-old democratic socialist's plan to lower the cost-of-living in New York City through city-owned grocery stores, universal childcare and free buses requires raising taxes on the wealthiest New Yorkers, but any tax hike would require New York state approval, and Gov. Kathy Hochul, D-N.Y., has rejected raising taxes.

Mamdani campaigned on creating a 2% New York City income tax for anyone making more than $1 million a year and raising the top state corporate tax rate to 11.5% to match New Jersey's in order to pay for his campaign promises.

But the mayor of New York City does not have the authority to raise taxes. Under New York state law — and consistent with Article XVI of the New York State Constitution — only the state legislature holds the power to tax, meaning the city cannot create new taxes or change existing rates without approval from the legislature and governor in Albany.



Ha... Less than 24 hours and not even the actual Mayor yet; and he is already a lame duck.

This is going to be AWESOME to watch.
(This post was last modified: 11-06-2025 07:44 AM by Eldonabe.)
11-06-2025 07:41 AM
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TripleA Offline
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Post: #64
RE: Mamdani Plans to Tax Companies Even if They LEAVE New York City
What's astonishing to me is that little Muslim kid tricked over a million people into voting for him to do things he can't possibly do.

Every time I see him standing there with that stupid sh!t-eating grin on his face, I think sometime in his past, somebody must have clubbed him in the head with the back side of a long-handled axe.
(This post was last modified: 11-06-2025 10:40 AM by TripleA.)
11-06-2025 10:37 AM
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shere khan Offline
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Post: #65
RE: Mamdani Plans to Tax Companies Even if They LEAVE New York City
(11-06-2025 10:37 AM)TripleA Wrote:  What's astonishing to me is that little Muslim kid tricked over a million people into voting for him to do things he can't possibly do.

Every time I see him standing there with that stupid sh!t-eating grin on his face, I think sometime in his past, somebody must have clubbed him in the head with the back side of a long-handled axe.

A huge gift for the GOP

The weirdo is already begging for donations for help with his all prog filth woman transition team.

The GOP watching this unfold

[Image: pir%C3%B3mano-meme.gif]
11-06-2025 10:49 AM
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ballantyneapp Offline
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Post: #66
RE: Mamdani Plans to Tax Companies Even if They LEAVE New York City
(11-06-2025 07:21 AM)stinkfist Wrote:  
(11-05-2025 03:54 PM)shere khan Wrote:  [Image: eixvBM7ijWtl.jpeg]

03-lmfao03-drunk03-lmfao

Hochul already puttin' the squeeze on his 'dreams'...


https://www.foxbusiness.com/politics/pre...-taxes-nyc

Quote:Zohran Mamdani is headed to City Hall after Tuesday night's mayoral victory, but delivering on his ambitious campaign agenda could depend on a fight in Albany.

The 34-year-old democratic socialist's plan to lower the cost-of-living in New York City through city-owned grocery stores, universal childcare and free buses requires raising taxes on the wealthiest New Yorkers, but any tax hike would require New York state approval, and Gov. Kathy Hochul, D-N.Y., has rejected raising taxes.

Mamdani campaigned on creating a 2% New York City income tax for anyone making more than $1 million a year and raising the top state corporate tax rate to 11.5% to match New Jersey's in order to pay for his campaign promises.

But the mayor of New York City does not have the authority to raise taxes. Under New York state law — and consistent with Article XVI of the New York State Constitution — only the state legislature holds the power to tax, meaning the city cannot create new taxes or change existing rates without approval from the legislature and governor in Albany.

is there any chance he can declare an emergency and usurp power not granted to him like dictators do?

That works for some people.

Honestly I can say that from my side that would not be tenable.
11-06-2025 11:13 AM
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bearcat65 Offline
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Post: #67
RE: Mamdani Plans to Tax Companies Even if They LEAVE New York City
(11-06-2025 11:13 AM)ballantyneapp Wrote:  
(11-06-2025 07:21 AM)stinkfist Wrote:  
(11-05-2025 03:54 PM)shere khan Wrote:  [Image: eixvBM7ijWtl.jpeg]

03-lmfao03-drunk03-lmfao

Hochul already puttin' the squeeze on his 'dreams'...


https://www.foxbusiness.com/politics/pre...-taxes-nyc

Quote:Zohran Mamdani is headed to City Hall after Tuesday night's mayoral victory, but delivering on his ambitious campaign agenda could depend on a fight in Albany.

The 34-year-old democratic socialist's plan to lower the cost-of-living in New York City through city-owned grocery stores, universal childcare and free buses requires raising taxes on the wealthiest New Yorkers, but any tax hike would require New York state approval, and Gov. Kathy Hochul, D-N.Y., has rejected raising taxes.

Mamdani campaigned on creating a 2% New York City income tax for anyone making more than $1 million a year and raising the top state corporate tax rate to 11.5% to match New Jersey's in order to pay for his campaign promises.

But the mayor of New York City does not have the authority to raise taxes. Under New York state law — and consistent with Article XVI of the New York State Constitution — only the state legislature holds the power to tax, meaning the city cannot create new taxes or change existing rates without approval from the legislature and governor in Albany.

is there any chance he can declare an emergency and usurp power not granted to him like dictators do?

That works for some people.

Honestly I can say that from my side that would not be tenable.

Your side had no problem with it during the Covid years.
11-06-2025 11:32 AM
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