Democratic nominee Zohran Mamdani has engaged in discussions with New York City business executives regarding his mayoral campaign and policies. His proposals include raising the corporate tax rate to 11.5% and introducing additional taxes on high earners, which concern some business leaders. The meeting aimed to alleviate fears over his candidacy ahead of the November election against incumbent Mayor Eric Adams and former Governor Andrew Cuomo. Mamdani emphasizes partnership to create an affordable city for all New Yorkers despite differing views on fiscal policy.
Democratic mayoral nominee Zohran Mamdani met with roughly 100 CEOs in a meeting organized by the Partnership for New York City to discuss his candidacy and policies.
Mamdani's proposal to raise the state's corporate tax rate to 11.5% has caused concern among business leaders who fear it might lead to an exodus of wealthy individuals.
The meeting aimed to ease the business community's fears about Mamdani's candidacy as he prepares for the November general election against Eric Adams and Andrew Cuomo.
Mamdani believes that working in partnership is essential for delivering an affordable city for all New Yorkers, even amidst disagreements on fiscal policy.
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