Back to today’s briefing

Story perspectives

Fulop Opposes Mayor's Wealth Tax, Calls It 'Political Mistake'

3/25/2026

50 6 Full Breakdown

Summary

Story summary

Steven Fulop, former Jersey City Mayor and head of the Partnership for New York City, leads opposition to Mayor Zohran Mamdani’s proposed tax increases on the wealthy and corporations, backed by Wall Street.
Fulop argues that higher taxes could drive the city's business elite away.
He has engaged with the mayor and state legislators to press his position and publicly criticized Mamdani's plan as a "political mistake."

1 of 1

Story summary

Steven Fulop, former Jersey City Mayor and head of the Partnership for New York City, leads opposition to Mayor Zohran Mamdani’s proposed tax increases on the wealthy and corporations, backed by Wall Street.
Fulop argues that higher taxes could drive the city's business elite away.
He has engaged with the mayor and state legislators to press his position and publicly criticized Mamdani's plan as a "political mistake."