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Story summary
- Zohran Mamdani, New York City Mayor, would slash estate tax exemption from $7.35 million to $750,000 and raise the top rate to 50% to address a $5.4 billion deficit.
- Bruce Blakeman, Republican, criticized this proposal and proposed an alternative to exempt middle-class homeowners, small business owners, and farmers from the tax.
- Other Republican candidates joined Blakeman in opposing tax hikes, emphasizing protection of property rights and addressing spending issues.
