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Posted on 11/14/2025 3:37:01 PM PST by Libloather
Gov. Hochul is reportedly open to raising taxes on corporations in the Empire State to help fund socialist Mayor-elect Zohran Mamdani’s freebie-filled agenda for New York City.
Hochul, who is up for re-election in 2026, is sticking to her vow to not hit high-earners with higher taxes — but has had preliminary conversations about raising revenue by upping the corporate tax rate, according to Politico, which first reported the story.
The hike would help fill the more than $4 billion budget gap facing the state next year and cover some of the costs associated with Mamdani’s socialist dream in the Big Apple once he becomes mayor, Bloomberg reported.
The revelation comes after a Thursday meeting between Mamdani and Hochul in which the pair discussed their shared goal of delivering universal childcare.
Raising the corporate tax would mark a notable shift for Hochul, who has repeatedly said that she would not raise taxes when pressed by the far-left faction of the party that helped propel Mamdani into office.
While Hochul hasn’t been explicit about whether she was referring to taxes on wealthy individuals or businesses, but her budget director, Blake Washington, insisted earlier this week that higher taxes were “the last thing on my mind” and stressed that New York was in a “good spot financially.”
Aside from the budget gap in 2027, New York State also faces numerous cuts in funding from the federal government, which could cost the state billions.
(Excerpt) Read more at nypost.com ...
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Excellent
Adios, New York City 🏙️🏙️🏙️.
We Told You So.
Kiss the state goodbye. More companies will leave.
Caving already? Wasn’t it just yesterday when she said she wouldn’t raise taxes to pay for Commie Imamdanis agenda?
By the time these two morons are done, only the homeless will exist in NY city.
Americans outside of New York state should not subsidize this.
That includes the state and local tax itemized deduction (SALT).
Governor, do you know what “pass-through” or “pass along” means?
Homeless and career criminals released from jail.
Corporations are just tax collectors. They pay nothing.
👍
These 2 categories are exactly what socialists want to turn everyone not in the inner party, into.
Texas is happy.
Of course she is. About the only difference between Hochul and Mamdani is that she is not a shariaist jihadi. But other than that .... two peas in a pod.
Mamdani’s gonna try to soak the bedroom communities surrounding NYC. Westchester, NJ, all of Long Island.
DO IT!!!
THE EXODUS WILL BE STAGGERING
LOTS OF OTHER STATES WILL WELCOME SUCCESSFUL COMPANIES
Great! NYC votes in a Commie and those out of the city, but still in the state help out with their tax money! Lesson, move out of state! Those in Washington state, MOVE NOW!
Told everyone so in my post recently about Mamdani running out of money if rich people flee New York City soon.
“Raise taxes on outstate New Yorkers. Call Hochul and tell her to do it.”
Good thing for the democrats that all of this debt is imaginary.
CA, IL, MI and NY voters traditionally suffer in outstate regions while the tax money goes to the failing Dem cities.
The hogs at the tax money troughs fight each other for the goodies in those cities. If things go wrong they loot and burn buildings and overturn police cars and set them on fire.
Time to get the war against the cities revved up.
Why sit back while the socialist/communists gain more and more power while laughing at us suckers?
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