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Mamdani's NYC Tax Plan Fuels Flight Fears Despite Data

Mamdani raised $1 million from over 12,000 small-dollar donors in 10 days to support his progressive policies including tax increases on the wealthy to fund public services.

  • Tuesday, Zohran Mamdani was projected to win New York City’s mayoral race with 50.4% as nearly 90% of votes were counted; he will be the city’s first Muslim mayor and one of its youngest leaders in a century.
  • Mamdani campaigned on an affordability agenda, pledging to freeze rents on rent-stabilized apartments, provide free bus service and city-owned grocery stores, funded by raising taxes on corporations and top earners with help from Gov. Kathy Hochul and the New York State Legislature.
  • Facing heavy attack ads and criticism, Zohran Mamdani apologized for his 2020 NYPD comments while insisting 'I am not defunding the police', and won endorsements from Sen. Bernie Sanders and Rep. Alexandria Ocasio-Cortez.
  • Less than a day after his historic win, Zohran Mamdani said his team is preparing to govern from day one with 57 days to prepare for January 1st and noted former Gov. Andrew Cuomo did not call him, but Republican candidate Curtis Sliwa did.
  • His victory resonated with young and progressive voters and attracted national attention, with President Donald Trump endorsing Cuomo and threatening to withhold federal funds.
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empirecenter.org broke the news in on Thursday, October 30, 2025.
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