Mamdani Seeks 2 Percent Tax Hike on Wealthy in NYC New York City Mayor Zohran Mamdani urged state lawmakers to approve a 2% income tax hike on high earners, arguing it is the "most direct route" to closing the city's multibillion-dollar budget gap. Original Source: https://www.newsmax.com/finance/economy/zohran-mamdani-tax-hike/2026/02/11/id/1245746