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Mamdani's Bold NYC Plan: Tax Hikes for Universal Childcare
10/27/2025
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Mamdani Proposes Reforms
- Zohran Mamdani, a leading Democratic candidate for New York City mayor, proposes universal childcare, free buses, and a rent freeze for stabilized units.
- Funding would come from a 11.5% corporate tax increase and a 2% tax on high earners, potentially generating $9 billion annually.
- He aims to triple the production of rent-stabilized homes, costing $100 billion over ten years.
- He also proposes city-operated grocery stores to curb rising food costs.
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