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‘Socialists Understand Economics…’: Zohran Mamdani Doubles Down On Taxing The Rich
Posted
July 1, 2026
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July 1, 2026
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9:08Now PlayingZohran Mamdani unveiled a balanced $125.8 billion New York City budget, saying it closes a $12 billion deficit by raising taxes on the wealthiest residents rather than cutting services. He highlighted new investments in affordable housing, transit, mental health, immigrant services and parks while arguing fiscal responsibility and progressive policies can coexist.
#ZohranMamdani #Budget #NewYorkCity #AffordableHousing #USPolitics
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