New York Gov. Kathy Hochul is reportedly leaving the door open to tax increases, after spending months saying she would not budge on the issue.
Following the election of New York City Mayor-elect Zohran Mamdani in November, Hochul has found herself in an altered political landscape, forcing the more moderate Democrat incumbent to address the tax-the-rich demands that have surged in the wake of the democratic socialist’s victory.
Hochul is running for reelection next year, and her next moves in Albany will determine not only her own political future, but also that of congressional battlegrounds in her state that could potentially flip control of the House. Raising the corporate tax rate — as she has edged toward since Mamdani’s win — risks alienating business allies, while standing firmly against tax hikes could needle the far-left wing of her party.
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