Hochul open to raising taxes on NY corporations to fund socialist Zohran Mamdani’s freebies
By Craig McCarthy and
Matt Troutman
Published Nov. 14, 2025
Updated Nov. 14, 2025, 5:19 p.m. ET
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.
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https://nypost.com/2025/11/14/us-news/hochul-open-to-raising-taxes-on-ny-corporations-to-fund-socialist-zohran-mamdanis-freebies/
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