Rep. Alexandria Ocasio-Cortez (D-NY), candidate for New York City mayor Zohran Mamdani, and Sen. Bernie Sanders, I-Vt. (David Dee Delgado/Getty Images; Brendan McDermid/Reuters; Craig Ruttle/AP Photo)
A look through Mamdani’s platform, available on his campaign website, lives up to his socialist affiliation and Sanders and Ocasio-Cortez's endorsements.
He has promised to immediately freeze rent prices for more than 2 million New Yorkers living in rent-stabilized apartments, implement free public transit, create a network of city-owned grocery stores that are "focused on keeping prices low, not making a profit" and institute free universal childcare for children from ages 6 weeks to 5 years.
He has also promised to create a New York City Department of Community Safety that he says will deploy outreach workers in 100 subway stations, expand gun violence prevention programs, and increase funding to "hate violence prevention programs" by 800%.
Mamdani has also pledged to champion a law to raise the minimum wage in New York City to $30 an hour by 2030.
COLBERT GRILLS DEM SOCIALIST NYC MAYORAL CANDIDATE ZOHRAN MAMDANI ON ISRAEL, ANTISEMITISM
Democratic mayoral candidates Brad Lander, Jessica Ramos, Zellnor Myrie, Andrew Cuomo, Whitney Tilson and Zohran Mamdani participate in a Democratic mayoral primary debate, at NBC's 30 Rockefeller Center studios in New York on June 4, 2025. (YUKI IWAMURA/POOL/AFP via Getty Images)
Mamdani is further proposing tripling the city’s $30 billion budget to carry out his housing agenda. Meanwhile, the free buses are projected to cost the MTA roughly $900 million a year in annual revenue.
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Where will the extra money come from? Mamdani’s website says that he plans to raise the corporate tax rate to 11.5%, which he says will bring in an extra $5 billion. He plans to further set a flat 2% tax on those earning above $1 million annually, which he believes will bring in an extra $4 billion a year in taxes. He has also said he will hire more tax auditors, end no-bid contracts and crack down on fine collection from "corrupt landlords" to raise an additional $1 billion.
Mamdani’s campaign did not respond to Fox News Digital’s request for comment.
Peter Pinedo is a politics writer for Fox News Digital.
https://www.foxnews.com/politics/bernie-sanders-aoc-backed-mayoral-candidate-planning-massive-spending-increases-nyc