Rep. Mike Lawler, RN.Y., discusses the mayor of New York City Zohran Mamdani’s primary victory and more about ‘Varney & Co.’
New York City’s The role as one of the most important economic hubs in the US can be confronted for negative challenges, because a leading contender for the upcoming mayor elections of the city is on a platform to evoke socialist policy.
The suspected victory of the New York State Assemblyman Zohran Mamdani in the Democratic Party Primary for the Mayoral Race of New York City about the former government Andrew Cuomo and competent Brad Lander, made him the leader in the mayor race. Mamdani is also a member of the Democratic Socialists of America and the Working Families Party.
If chosen, Mamdani would lead one of the most important economies in the country. A report from the Federal Reserve Bank of New York showed that in 2022 the gross domestic product (BBP) of New York City was good for $ 1.2 trillion on economic output. That was good for more than 4.6% of the total American GDP, which was more than $ 25.7 trillion from 2022.
NYC Real Estate Developer Schools Mamdani about pricey housing plan
New York State Assemblyman Zohran Mamdani is the suspected Democratic candidate for the Mayoral Race in New York City. (Reuters / Bing Guan / Reuters)
Critics from Mamdani claim that his policy cannot be implemented in such an economically consistent city. Bill Ackman, the founder of the billionaire of Pershing Square Capital Management, has tried to come up with the support of a central candidate who is able to defeat Mamdani and promised to offer the emerging challenger financial support.
“His policy would be disastrous for NYC. Socialism has no place in the economic capital of our country,” Ackman wrote in a position about X.
“The possibility of NYC to offer services for the poor and needy, let alone the average New Yorker, is completely dependent on NYC as a corporate friendly environment and a place where rich residents are willing to spend 183 days and adopt the associated tax burden,” he added. “Unfortunately, both have already started making arrangements for the outputs.”
NYC DEM Socialist Zohran Mamdani wins the primary elections: what is his economic agenda?
Billionaire Bill Ackman has said that he will support a centrist -chasing Mamdani in the mayor race. (Scott Eells / Bloomberg via Getty Images / Getty images)
The Mamdani campaign platform contains a number of remarkable policy that are preferred by progressives and socialists within the Democratic Party.
His campaign proposes a new minimum wage law that would increase the wage floor for jobs in the city by 2030 to $ 30 per hour, which would then automatically be increased on the basis of changes in the costs of living.
Mamdani has proposed to the corporation tax rate In New York City to match the State of New Jersey of 11.5%, his campaign believes it will yield $ 5 billion.
He also called for imposing an extra flat tax of 2% in households in New York who earned more than $ 1 million annually. In order to call in extra financing for his plans, the Mamdani campaign requests the hiring of more tax auditors, collecting fines from landlords and reforms for purchasing and contract processes to collect $ 1 billion in income.
Bill Ackman promises to finance Central Candidate to beat socialist Mamdani in NYC Mayoral Race
New York City is one of the most important economic hubs in the US (Gary Hershorn / Getty Images / Getty images)
The assembly campaign campaigned on the construction of 200,000 new units of “permanently affordable, trade union built, rental-stabilized houses” in the following decade, EVEN SEAS Freulent rental prices For all stabilized tenants.
His campaign contains a plan to implement “free childcare for every New Yorker from 6 weeks to 5 years”, while also provides “baby tires” to new parents and guardians with items such as diapers, baby wipes, nursing pads, postpartum pads, swaddles and books, “without costs for the new parents.
His campaign platform has also called on to eliminate rates on city buses while expanding priority lanes and bus quarreling jump signals with special loading zones for passengers.
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Mamdani also proposes to make Shopping stores in the city By destroying funds from company stores and claiming that the city stores would be aimed at “lower prices, no price guts”.
