Socialist mayoral hopeful Zohran Mamdani pitches 2% tax hike on NYC’s millionaires to raise $10B for freebie-filled agenda

Mamdani's plan calls to increase corporate taxes by 4.5%, which campaign officials said would collect $5.4 billion from corporations. Another $4 billion would come from the increased taxes on the wealthy, with additional income flowing in by beefing up the city's tax collection agency, officials said.