Hochul open to raising taxes on NY corporations to fund socialist Zohran Mamdani’s freebies

NY Post ^ | 11/14/25 | Craig McCarthy, Matt Troutman

[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.

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TOPICS: Business/Economy; Conspiracy; History; Local News
KEYWORDS: freebies; hochul; madmani; newyork; nyc; socialist; taxes; taxtheft

[alloysteel]

Corporations still have to operate across state lines. By relocating outside the jurisdiction of New York, both city and state, they no longer have to collect taxes to pass through to the city and state.

Thus both city and state shall have to go hat in hand to the Feds, and there are a lot more voters OUTSIDE New York, than subject to their jurisdiction.

Object lesson to be learned: Don’t urinate in the soup.

[nonliberal]

Good. They vote for it, give it to them good and hard.

[from occupied ga]

She’s running scared of the loon wing of the Democrat party. These are the people who know that communism/socialism HAVE NEVER DELIVERED WHAT THEY PROMISED, but insist to the stupid voters that this time it will be different, and of course the stupid voters believe them because they want it to be true. The pleasant fantasy of not having to work and getting whatever you want appeals to the lazy and the entitled. There are few things dumber than a Democrat voter.

[SaveFerris]

(There are few things dumber than a Democrat voter)

Wish I could disagree 😔

[ProtectOurFreedom]

We were living in Ithaca, NY in 1961. I was in 5th grade. That was when I got my very first political lesson. Dad and his buddies one Saturday afternoon were at the house barbecuing burgers, drinking beer, and complaining about how all their NYS income tax payments flowed to NY City and the rest of the state got nothing.

[frank ballenger]

A shame all the work is wasted on taxes to go to the shiftless.

Good time to remember the novel synopsis for Ayn Rand’s Atlas Shrugged.

“Atlas Shrugged is a dystopian novel by Ayn Rand that argues that the mind is the source of all value and progress, and that society collapses when it stifles its most productive individuals through excessive regulation, taxation, and a culture that condemns self-interest. The novel’s central metaphor is that of the mythical giant Atlas, who is forced to hold up the sky, and the story’s “shrug” is when the nation’s “prime movers”—the creators and industrialists—go on strike, abandoning their businesses and disappearing.”

[Republican Wildcat]

Some of these “New York Corporations” are likely soon to be “Different State) Corporations” and the tax revenue will collapse.