Bread and Butter and Hope
It’s not just Mamdani
Friends,
It’s fitting that today — on the 90th anniversary of Franklin D. Roosevelt’s signing Social Security into law — we understand Zohran Mamdani’s remarkable win in New York City’s Democratic mayoral primary in his simple progressive message: New York City is in an affordability crisis and the wealthiest New Yorkers must help respond.
Mamdani’s three main proposals to help working families cope with it are to make city buses free, freeze the rent for stabilized apartments, and expand free child care.
Under Mamdani’s plan, the financial burden of paying for these policies would largely fall on wealthy taxpayers and businesses (a stance that has put Mamdani at odds with many corporate Democrats — more on this in a moment).
For example, Mamdani estimates that the price tag for universal child care for infants and toddlers until they reach kindergarten age would be between $5 billion and $8 billion. To pay for this, he would push the state to increase taxes on residents making more than $1 million a year and hike taxes on large corporations.
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