Representative Mike Lawler, RN.Y., discusses the main victory of the town hall of the town hall of New York, Zohran Mamdani and more on “Varney & Co.”
New York City The role as one of the most important economic centers in the United States could face negative challenges as a leading competitor for the next elections of the city mayor takes place on a platform calling for socialist policies.
The alleged victory of the New York State Assembly, Zohran Mamdani, in the primary of the Democratic Party for the New York town hall race, against former governor Andrew Cuomo and the Brad Lander controller, made him frontrunner in the town hall race and sent moderates to find a challenger. Mamdani is also a member of the American Democratic Socialists as well as the Families of Workers’ families.
If it were elected, Mamdani would lead one of the most important economies in the country. A report by the New York Federal Reserve Bank revealed that in 2022, the gross domestic product (GDP) in New York represented 1.2 billion of dollars in economic production. This represented more than 4.6% of Total American GDP, which exceeded 25.7 billions of dollars in 2022.
New York Mamdani real estate promoter schools on a dear housing plan
New York State MP Zohran Mamdani is the alleged democratic candidate for the New York mayor’s race. (Reuters / Bing Guan / Reuters)
Mamdani’s criticisms argue that its policies cannot be implemented in such an economically substantial city. Bill Ackman, the billionaire founder of Pershing Square Capital Management, sought to galvanize support around a centrist candidate capable of defeating Mamdani and promised to provide the challenge emerging financial support.
“Its policies would be disastrous for New York. Socialism has no place in the economic capital of our country,” Ackman wrote in an article on X.
“The capacity in New York to offer services to the poor and needy, not to mention the average New Yorker, depends entirely on New York a friendly environment and a place where rich residents are ready to spend 183 days and assume the associated tax burden,” he added. “Unfortunately, the two have already started making arrangements for outings.”
NYC Socialist Zohran Mamdani wins the primary elections: what is its economic program?
Billionaire Bill Ackman said he would support a centrist challenger who can overcome Mamdani in the mayor’s race. (Scott Eells / Bloomberg via Getty Images / Getty Images)
The Mamdani campaign platform presents a number of notable policies privileged by progressives and socialists within the Democratic Party.
His campaign offers a new minimum wage law which would increase the salary for jobs in the city at $ 30 per hour by 2030, which would then be automatically increased according to changes in the cost of living.
Mamdani proposed to raise the Company tax rate In New York, to match the New Jersey tax rate by 11.5%, which, according to its campaign, will report $ 5 billion.
He also called to impose an additional 2% stable tax on New York households earning more than a million dollars a year. To provide additional funding for its plans, Mamdani’s campaign calls for more tax auditors, to collect fines from owners and reforms to supply and contract processes to increase $ 1 billion in income.
Bill Ackman promises to finance the centrist candidate to defeat the socialist Mamdani in the race for New York town hall
New York is one of the most important economic centers in the United States (Gary Hershorn / Getty Images / Getty Images)
The assembly campaigned on the construction of 200,000 new units of “permanently stabilized houses and a union” during the next decade – as well as immediately freezing rents For all stabilized tenants.
His campaign presents a plan to “implement free childcare services for each New Yorker who is 6 weeks old to 5 years old”, while providing “babies” to new parents and tutors who include articles such as diapers, baby wipes, nurses, postpartum pads, denigts and books “,” free for new parents.
Its campaign platform also called to eliminate prices on city buses while expanding priority tracks and bus jumping signals with dedicated loading areas for passengers.
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Mamdani also offers to create Grocery stores belonging to the city By redirecting business grocery funds, saying that city stores would focus on “lower prices, not on gouging”.
