New York Metropolis mayoral candidate Andrew Cuomo joins The Claman Countdown to debate his marketing campaign and Zohran Mamdanis financial proposals.
New York Metropolis mayoral candidate Andrew Cuomo slammed the financial platform of Zohran Mamdani, who received the Democratic nomination, and argued these insurance policies would drive extra high-income earners and companies out of the town.
Cuomo, the previous governor of New York, mentioned in an look on FOX Enterprise Community’s “The Claman Countdown” that Mamdani’s plan to boost taxes would push rich New Yorkers and companies out of the town.
“When he says increase the state company charge 2%, it will be the identical as New Jersey – that is deceptive. In case you increase the state 2%, the state charges can be the identical, however the metropolis has a further tax, so New York Metropolis can be about double the New Jersey company tax, and you’ll see a flight to New Jersey,” Cuomo mentioned. “Unprecedented.”
“He is proposing doubling the company tax after which the two% on the high-earners would not make you $7 billion both. And once more, would exacerbate the issue that we’re seeing now, which is flight from New York Metropolis by high-income earners,” Cuomo mentioned.
FOX Enterprise reached out to the Mamdani marketing campaign.
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New York mayoral candidate Andrew Cuomo appeared on FOX Enterprise Community’s “The Claman Countdown” on Oct. 6, 2025. (John Lamparski/Getty Pictures / Getty Pictures)
The issue is not essentially distinctive to New York Metropolis, Cuomo mentioned. The previous governor mentioned many individuals have left main cities throughout the nation, citing versatile work environments after the COVID-19 pandemic.
“You could not do something about it throughout COVID. You probably did see folks go away cities simply because they did not just like the density,” Cuomo mentioned. “They moved to Florida, South Carolina, wherever they moved. They then bought snug there, they may do enterprise from there, and lots of of them did not come again, and we’ve to cease the exodus.”
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New York State Assemblyman Zohran Mamdani, a socialist Democrat, is the frontrunner within the NYC mayoral race. (Reuters/Bing Guan / Reuters)
Cuomo additionally mentioned that whereas New Yorkers perceive they are going to pay a premium due to how fascinating the town is, he desires to restrict that premium by conserving taxes underneath management.
“New York City, you pay a premium to be right here, and also you’re keen to pay a premium to be right here as a result of it is New York Metropolis, it is the best metropolis on the globe, he says with all due vanity of a New Yorker. So you may pay a premium, however there is a restrict on the premium you’ll pay, and we’ve to maintain taxes in examine,” he mentioned.
Cuomo added that his plan additionally appears to deal with different points impacting the livability of New York Metropolis – like cracking down on crime and constructing extra housing to deal with affordability issues.
Cuomo served as New York governor from 2011 to 2021, when he resigned amid sexual harassment allegations. (MARY ALTAFFER/POOL/AFP through Getty Pictures / Getty Pictures)
“My plan begins with jobs, jobs, jobs. Change the perspective, welcome enterprise, present incentives, assist them develop. Second level, cop on the block, cop on the practice, I need to hire 5,000 new police. Put them on the streets, put them on the subways, let New Yorkers really feel secure,” Cuomo mentioned.
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“Third, we’ve an actual affordability downside, and the one strategy to remedy that within the housing area is what I name construct, child, construct. It’s important to construct tens of hundreds of affordable units. We have now a 1% emptiness charge, and that is what’s driving up the price of rents, and that’s essential as a result of younger folks cannot afford to return,” he defined.
