RUSH EXCERPT:MAMDANI: "This is not a conversation on the basis of ideology. This is a conversation about a fiscal crisis. I have long believed in the importance of taxing the rich. I’ve said so publicly many a time and I’ve long believed in the need for the state and the city’s relationship to be a fair one. What we are speaking about in this moment, however, is not just that longstanding belief. The long standing issues that have characterized that relationship, but a generational fiscal crisis of five point four billion dollars. And, when faced with this crisis, The question is: who should pay these taxes? I believe that it should be the wealthiest New Yorkers, the most profitable corporations. I believe that they can afford to pay a little bit more. We are in the most expensive city in the United States of America. I firmly believe in the need to make this an affordable city. I believe that we do so and reckon with structural. Crises by pursuing the first path, one of raising taxes on the richest New Yorkers, the most profitable corporations and ending the drink, so I do not want to raise property taxes. I have. I have said time and time again that it is a broken system, one that we are sincerely looking to reform, which is why we’re going to be sending up a proposed piece of legislation in the next few weeks. What I am showcasing to New Yorkers? Is it there’s one tax the city can raise? It is a broken property tax system. We do not want to do so, which is why we have said time and again that we want to work with Albany to ensure that we resolve this fiscal crisis by addressing the structural roots of it."
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