Suffolk County Exec. offers tax breaks to NYC companies seeking refuge if Mamdani wins

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Endorsements Continue to Come in for Mamdani | Battleground NYC

The endorsements continue to roll in for Zohran Mamdani. What does this mean for the other candidates in the race? S.E. talks with FOX 5 NY's political reporter Morgan McKay about the latest from the campaign trail.

Long Island's Suffolk County Executive and Republican Ed Romaine says he is encouraging New York City corporations to move to Suffolk County for tax breaks, if Democratic nominee for New York City's mayoral race, Zohran Mamdani, wins the election.

What Exec. Romaine is saying

What we know:

In WABC 770 AM's "Cat's Roundtable" show, Romaine expressed opposition to Mamdani's proposed methods to pay for his policies to host John Catsimatidis. Said policies include bringing down the cost of living for New Yorkers through universal childcare, city-owned grocery stores and more. 

"If Mr. Mamdani wins, I'm gonna encourage many of the corporations that do business in New York City to come to Suffolk, and we're gonna give them tax breaks," said Romaine. 

Zohran Mamdani, New York City mayoral candidate, during a campaign event at the NAN House of Justice in the Harlem neighborhood of New York, US, on Saturday, June 28, 2025. The 33-year-old Queens assemblyman is seeking to consolidate support ahead of …

The backstory:

One of Zohran Mamdani's campaign promises is bringing down the cost of living through universal childcare, city-owned grocery stores, free buses and more. He plans to pay for his proposals by raising taxes on both NYC-based corporations and the wealthiest New Yorkers. 

By the numbers:

If elected, Mamdani will raise the corporate tax to match New Jersey’s 11.5 percent, which is projected to bring in around $5 billion, according to his website. He will also tax the wealthiest 1 percent of New Yorkers – those earning above $1 million annually – a flat 2 percent tax. 

Interview: Zohran Mamdani on taxing the rich, Democratic Party, willingness to negotiate

In a one-on-one conversation with FOX 5 NY's Morgan McKay, Zohran Mamdani responded to the lack of endorsements from major Democratic leaders, while expressing confidence in his plans to tax millionaires.

In a one-on-one interview with FOX 5 NY's Morgan McKay in June, Mamdani agreed that he would be willing to negotiate on most policies, except for his affordability proposals. He was confident about raising taxes on the wealthy, despite push back from Albany. 

The Source: This article uses information from an interview with Zohran Mamdani on WABC 770 AM's "Cat's Roundtable" show and Mamdani's campaign website, as well as reporting from an interview between Mamdani and FOX 5 NY Morgan McKay.

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