Mamdani Wants to Tax the Rich. Can He Persuade State Leaders?

After an impressive victory, Mayor-elect Zohran Mamdani now must find funds for his programs. His push for higher taxes puts Gov. Kathy Hochul, who faces a re-election fight, in a tough spot.Gov. Kathy Hochul has long been an opponent of tax increases, but she might consider raising the corporate tax rate.