Manonthestreet
Diamond Member
- May 20, 2014
- 41,283
- 33,431
- 3,645
Last week, the New York City Council released its proposed fiscal 2027 budget. Widely perceived as a rebuke to Mayor Zohran Mamdani’s proposal from last month, the council’s plan is more fiscally responsible and pro-economic growth than is the mayor’s proposal. While Mamdani insists that higher taxes are necessary to prevent austerity measures, the council’s proposal shows that the city need not broadly “tax the rich” to close its budget gap. The New York City Council Just Countered Mamdani’s Tax-the-Rich Plan
well this is unexpected. Punked on his budget by fellow dems. Not the god they made him out to be
well this is unexpected. Punked on his budget by fellow dems. Not the god they made him out to be