As Mamdani proposes tax hikes and economic reforms, business leaders weigh in. From potential exodus fears to the impact on real estate and Gen Z engagement, the future of NYC’s economy hangs in the balance.
The new tax bill proposed by Republicans aims to maintain individual tax rates while increasing the standard deduction and child tax credit. However, it faces criticism over potential cuts to social services and the impact on low-income families.
In a surprising move, President Trump has instructed congressional Republicans to consider raising taxes on the wealthiest Americans, challenging his party's consensus on tax cuts and fiscal policy.
In a surprising phone call, Trump urged Speaker Johnson to consider raising taxes on the wealthy to fund middle-class tax cuts. This shift could reshape GOP strategies as they navigate complex negotiations on a major tax bill.
