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Hochul Stands Firm Against Mamdani's Tax Proposals Amid Pressure

3/6/2026

Summary

Story summary

Governor Kathy Hochul rejects being labeled the "fall man" in Mayor Zohran Mamdani's wealth-tax campaign.
Mamdani threatens to raise property taxes to cover a $5.4 billion gap, but Hochul won't back tax increases.
Democrats back Mamdani's 2% millionaire tax, potentially raising about $3 billion.
Polls show 54% of New Yorkers favor higher income taxes on high earners over property taxes, while Hochul's approval remains positive though suburban support narrows.

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Story summary

Governor Kathy Hochul rejects being labeled the "fall man" in Mayor Zohran Mamdani's wealth-tax campaign.
Mamdani threatens to raise property taxes to cover a $5.4 billion gap, but Hochul won't back tax increases.
Democrats back Mamdani's 2% millionaire tax, potentially raising about $3 billion.
Polls show 54% of New Yorkers favor higher income taxes on high earners over property taxes, while Hochul's approval remains positive though suburban support narrows.