Mayor Mamdani calls for higher taxes on wealthy residents to close $12 billion budget gap

NYC’s newly elected mayor told reporters Wednesday that wealthy residents need to contribute more money through higher taxes as the city struggles with a budget gap exceeding $12 billion left behind by previous leadership. Mayor Zohran Mamdani spoke to CNBC “Squawk Box” co-anchor Andrew Ross Sorkin during a sit-down at City Hall, where he outlined […]