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Stock impact report

Zohran Mamdani's tax hike crusade is already hurting NYC economy, business leader warns [Yahoo! Finance]

WPP plc American Depositary Shares (WPP) 
US:NYSE Investor Relations: wpp.com/wpp/investor/financialnews
Company Research Source: Yahoo! Finance
Steve Fulop, CEO of the Partnership for the City of New York, said the democratic socialist mayor's push to increase taxes to fund his freebie-filled agenda is pushing the “very, very fragile” Big Apple economy to the brink. Mamdani, who took office in January, is threatening to hike city property taxes by almost 10% unless Gov. Kathy Hochul and the state legislature agree to increase income taxes on the wealthy and also up the corporate tax. Mayor Zohran Mamdani has pushed Albany to raise taxes on wealthy New Yorkers and corporations to fund his proposed city budget. Matthew McDermott for NY Post “We have a City Hall that has now proposed four hikes in taxes in two months,” Fulop said during an appearance on 77 WABC radio's “Cats Roundtable.” “We've had an income tax at $500,000. An income tax at $1 million. We've had a real estate tax. And we've had a corporate tax. “That type of rhetoric scares away investment,” Fulop told host John Catsimatidis. The city's CEOs are talk Show less Read more
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