The Anthony Cumia Show - October 10, 2025


Zohran Mamdani’s $10 Billion Tax Hike to Trump-Proof NYC and Why New York Keeps Voting for Its Own Destruction ｜ 10-05-25


Episode Stats


Length

7 minutes

Words per minute

148.89

Word count

1,185

Sentence count

84

Harmful content

Toxicity

4

sentences flagged


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

Mayor Zoran Mamdani of New York City wants to raise $10 billion in taxes on the 1% to pay for his plan to take control of the city. Will he be able to get his plan through the City Council?

Transcript

Transcript generated with Whisper (turbo).
Toxicity classifications generated with s-nlp/roberta_toxicity_classifier .
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00:01:00.080 Listen, all you New Yorkers.
00:01:02.380 You need taxi.
00:01:04.020 Okay, then you want to look around.
00:01:05.320 This is the 77 WABC
00:01:08.360 minicast.
00:01:10.800 New York will
00:01:11.980 elect Zoran Mamdani.
00:01:14.940 They will.
00:01:16.160 I have no faith.
00:01:17.800 We've seen what New York State
00:01:20.160 is capable of.
00:01:21.280 and the city is a microcosm of new york it's the war it's worse than new york state
00:01:27.280 and you got hokul as your governor chuck schumer as your senator who won't leave
00:01:33.560 you keep voting him back in irregardless of what he's doing to the state oh jesus christ but um
00:01:41.120 yeah i was going to talk about madani you're not getting off the hook new york so easily 0.91
00:01:46.300 I wasn't just going to crap on Chicago.
00:01:50.540 Mom, Danny, he wants to raise $10 billion.
00:01:56.260 Yes, you heard right, people.
00:01:57.580 The big B word, billion, from increasing taxes.
00:02:02.700 He needs $10 billion in his war chest in New York City so that he won't have to listen to anything Donald Trump says.
00:02:12.200 He doesn't like the idea that the federal government can stop him from doing things,
00:02:18.680 say that if you proceed with that, we will cut off federal funding to this.
00:02:25.120 So he wants to get $10 billion just raising people's taxes.
00:02:34.400 They didn't even go that far with me, and I left. 0.99
00:02:37.500 I left the damn state. 0.99
00:02:39.440 Now, the New York City residents have to deal with a mayor who wants to squeeze you for $10 billion. 0.99
00:02:49.680 Listen to this reasoning by the great Mr. Zoran Mamdani.
00:02:56.640 I've proposed is that we raise $10 billion to pay for our entire economic agenda and start to Trump proof our city because we know he'll use federal funding as leverage over the city.
00:03:07.080 Yeah, we will do so in two key ways.
00:03:08.960 The first is to match the state's top corporate tax rate to that of New Jersey.
00:03:13.600 We are at 7.25%.
00:03:15.200 They're at 11.5%.
00:03:16.820 Corporations can pay it over there.
00:03:18.180 They can pay it over here.
00:03:19.340 And the beauty of it is that it doesn't just apply to corporations headquartered in New
00:03:23.340 York City.
00:03:23.660 Because when you say this, people will say, well, they're going to go to Florida.
00:03:26.620 Wherever you are headquartered, as long as you do business in the state of New York,
00:03:30.140 you are taxable for that corporate tax.
00:03:32.060 We're talking about corporations that are making millions of dollars, not in revenue,
00:03:35.140 but in profit.
00:03:35.860 And the second is taxing the top 1% of New Yorkers.
00:03:39.340 We're talking about people who make a million dollars a year or more, taxing them just by a flat 2% tax increase.
00:03:44.420 And I know if 50 Cent is listening, he's not going to be happy about this.
00:03:46.900 He tends to not like this tax policy, but I want to be very clear.
00:03:49.560 This is about $20,000 a year.
00:03:51.300 It's a rounding error.
00:03:52.520 And all of these things together, they make every New Yorker's life better, including those who are actually getting taxed.
00:03:58.220 A safer Ontario means more police and prosecutors making sure my card doesn't get stolen.
00:04:03.040 It means building new jails to keep criminals behind bars.
00:04:07.200 And it means there's no need to worry when I play at the park.
00:04:10.540 We're making every corner of Ontario safer to make all of Ontario safer.
00:04:15.180 That's how we protect Ontario.
00:04:17.200 For all of us.
00:04:19.260 Learn how at Ontario.ca slash Safer Ontario.
00:04:22.380 Paid for by the government of Ontario.
00:04:28.420 Can you even?
00:04:30.220 so they're going to tax corporations um what they tax them in jersey because if you could
00:04:37.460 pay it in jersey you could pay it here in manhattan no no they could jack their taxes up in jersey
00:04:45.180 because everything else is dirt cheap companies running out a business out of jersey what do you
00:04:52.900 think they're paying for rent what do you think they're paying for materials all that new york
00:04:59.900 They have to balance the tax burden with the other financial burdens.
00:05:06.320 So now you're taking that.
00:05:08.140 You're like, well, we're a business.
00:05:09.300 We're in New York City.
00:05:11.040 Everything costs an astronomical amount of money more than in any other tri-state area.
00:05:20.100 And now you're just going to jack the taxes up.
00:05:24.720 There's no benefit.
00:05:26.240 you know there's got to be a compromise some kind of a balance it's like well i am paying
00:05:33.240 up more more in taxes but i'm in jersey everything else is cheaper i did the math
00:05:40.140 and even paying more taxes i still make out because it's not new york city now he wants to
00:05:47.160 go hey it's the same right you're paying three times four times in some cases what you're paying
00:05:54.220 to rent office space in New York City
00:05:57.260 than you would in Jersey.
00:05:59.700 But who cares?
00:06:00.940 Just jack the taxes up anyway.
00:06:03.540 And then when him or anyone else starts talking
00:06:06.120 about individual income of a million dollars,
00:06:10.600 one million dollars,
00:06:13.820 it's New York City.
00:06:18.700 And look, I'm not trying to make it sound
00:06:21.400 like a million dollars isn't a lot of money.
00:06:23.840 There are people that will never see that, never make that.
00:06:27.200 It's an astounding-sounding amount of money, but everything's relative.
00:06:32.800 In New York City, a million dollars a year?
00:06:37.740 It's not that much.
00:06:40.180 It really isn't that much money for New York.
00:06:44.940 And you blow through a lot of that million before they start coming with their handout,
00:06:50.840 looking for your tax money.
00:06:52.360 so uh to call that the wealthy in new york sure if you're in oklahoma i'm living large
00:07:02.240 new york city not so much and he wants to fleece you to the tune of 10 billion dollars
00:07:09.700 to make him impervious to any restrictions trump the federal government might put on
00:07:16.760 his democrat liberal communist policies that he wants to spend this 10 million billion excuse me
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