Cuomo Calls Mamdani’s NYC Tax Plan an “Impossibility”

NEW YORK — Independent mayoral candidate Andrew Cuomo is taking aim at Democratic nominee Zohran Mamdani’s proposal to raise taxes on corporations and millionaires, calling the plan “an impossibility.”

In an interview with WNYC’s Brian Lehrer, the former governor argued that Mamdani’s idea to boost state corporate and high-income tax rates to fund New York City programs would never pass in Albany.

“A Buffalo assemblyman or a Long Island senator is not going to raise taxes on their corporations to give the money to New York City,” Cuomo said. “It is an impossibility that a state legislature would raise statewide corporate taxes dedicated to only New York City.”

Cuomo, who served as governor for 11 years, said lawmakers from outside the five boroughs would never back a tax hike that doesn’t benefit their constituents. He also noted that Gov. Kathy Hochul, who faces reelection next year, has stated she has no interest in raising taxes on the wealthy or corporations.

Mamdani, a Queens assembly member and democratic socialist, has made tax increases on corporations and high earners the centerpiece of his affordability platform — aimed at funding free city buses, universal subsidized childcare, and other social programs.

Mamdani’s campaign pushed back, accusing Cuomo of defending the interests of the wealthy.

“Don’t get it twisted: Andrew Cuomo will stop at nothing to protect the billionaires and corporations making life more expensive for New Yorkers,” said Mamdani spokesperson Dora Pekec, noting that Cuomo initially resisted but ultimately signed a 2021 tax hike on the rich.

Cuomo’s spokesperson Rich Azzopardi countered that Cuomo’s record speaks for itself.

“The governor proposed a millionaires tax in his 2021 budget amid the financial burdens of the pandemic and it remains on the books,” Azzopardi said. “Mamdani’s operation should get their facts right.”

The sharp exchange comes as Cuomo tries to revive his underdog campaign following a loss to Mamdani in last month’s Democratic primary. Also in the general election race are Mayor Eric Adams (running on an independent line), Republican nominee Curtis Sliwa, and independent candidate Jim Walden.

Cuomo, who resigned in 2021 amid sexual harassment allegations he denies, has since revamped his campaign strategy — spending more time meeting voters and embracing short-form social media videos that proved successful for Mamdani.

“The reason it’s dangerous,” Cuomo said of Mamdani’s proposals, “is because none of it happens, none of it works. Then you just disillusion the public — and nothing changes.”