"Part of Zohran Mamdani's campaign centers around the belief that billionaires shouldn't exist. Now, those ultra-wealthy earners are aiming to stop the mayoral candidate, in part, by boosting the profile of former New York Governor Andrew Cuomo, Mamdani's opponent for this cycle. Part of Mamdani's bid has been to tax the ultra-rich and wealthy corporations, which include an additional 2% tax on New Yorkers earning more than $1 million a year. Despite these multi-million dollar oppositions, Mamdani is maintaining a lead in the mayoral race."
"Some of the groups opposing Mamdani include "Fix the City" (pro-Cuomo committee) and "Defend NYC" (a group made to oppose Mamdani). Fix the City has raised $7.3 million since the primary, Defend NYC has raised almost $2.5 million, according to Business Insider. Now, roughly 26 billionaires and rich families from around the U.S. have spent at least six figures to support Cuomo, according to an analysis from . They estimate the total amount equates to over $22 million to back opposition campaigns."
Zohran Mamdani centers his campaign on taxing the ultra‑rich, including an additional 2% tax on New Yorkers earning more than $1 million a year. Wealthy donors and pro‑Cuomo groups have mobilized to oppose his bid. Groups opposing Mamdani include "Fix the City" and "Defend NYC." Fix the City has raised $7.3 million since the primary, and Defend NYC has raised almost $2.5 million. Roughly 26 billionaires and rich families from around the U.S. have contributed at least six figures to support Andrew Cuomo, with total opposition contributions estimated at over $22 million. Mamdani continues to lead in the mayoral race despite these multi‑million dollar oppositions.
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