During his campaign, Mamdani proposed raising the city’s income tax rate by two percentage points on residents earning more than $1 million annually, along with increasing the corporate tax rate to match New Jersey’s 11.5% (4).“There will not be one single thing that can answer that crisis,” he said (1). “It will require us to pursue every single avenue. That means looking inward into savings and efficiencies. That also means raising taxes on the wealthiest New Yorkers and the most profitable corporations. ...

Harvard could face a budget shortfall of roughly $1 billion if they don’t back down from their legal battles with President Trump. #Harvard #Trump #Shorts ...