New York City’s Democratic socialist mayor Zohran Mamdani is threatening a 9.5% property tax increase and 5k officer reduction in the New York City Police Department’s ranks if state lawmakers do not raise taxes on wealthy residents and corporations. The Mayor says the increase in taxes would address city's $5.4 billion budget deficit. New York Gov. Kathy Hochul opposes raising property taxes and completely rejects the idea of raising income taxes, said the state would give the city an additional $1.5 billion in funding.
FOX’s Eben Brown speaks with Pierre Debbas, partner and founding member of the 'Romer Debbas' LLP, who says finding budget cuts rather than raising taxes is the route that should be taken because the middle-class will suffer.
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