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Sanders Backs Mamdani's Millionaire Tax Push Against Hochul

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Senator Bernie Sanders rallied in the Bronx to pressure New York Governor Kathy Hochul to support Mayor Zohran Mamdani's plan to raise taxes on millionaires. Sanders framed the issue as a moral imperative, stating, 'The people of this state... want the very rich to start paying their fair share of taxes.' Mamdani's proposal targets roughly 34,000 NYC households earning $1 million annually, seeking a two-percentage-point income tax increase to 5.88% from 3.88%, representing a 51% hike or a $20,000 rise for a millionaire. Hochul has consistently opposed such hikes, fearing wealthy residents will leave the state.

Business groups like the Partnership for New York City align with her stance. Sanders, a key ally of Mamdani, aims to sway Hochul and other state leaders amidst intense budget negotiations nearing the April 1 deadline. The rally drew thousands, with attendees chanting 'Tax the rich,' reflecting significant public pressure.

Mamdani's absence highlighted his delicate balancing act between his socialist base and the governor.