NYC Mayor Mamdani calls for tax on rich to fix $12 billion budget deficit
Mayor Zohran Mamdani is calling for a tax hike on New York City's wealthiest residents and corporations to close a $12 billion budget gap.
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Mayor Zohran Mamdani is calling for a tax hike on New York City's wealthiest residents and corporations to close a $12 billion budget gap.
"Tax the rich" seems to have replaced "Auld Lang Syne" as the theme song for 2026. But how to New Yorkers feel about the idea of paying more?
Members of the community protested on Tuesday, saying a $160 increase per year is too much.
Waiters and bartenders are included in a proposed list of jobs that could qualify for a federal tax break on tips, as well as some workers who don't traditionally get gratuities.
Under the One Big Beautiful Bill Act, clean energy tax credits are set to expire earlier than originally planned.
CBS News New York's Cindy Hsu and Mary Clavi speak with Liz Pancotti, the Managing Director of Policy and Advocacy at Groundwork Collaborative to discuss what this bill could mean for Americans.
It looks like a tentative deal has been brokered on Capitol Hill to provide a new SALT cap, increasing the state and local tax deduction from $10,000 to $40,000.
The White House says the U.S. and China have agreed to suspend for 90 days most of the tariffs imposed against each other over the last couple months.
Filing a tax extension is easy. But it's important to know what you're getting into, including what to do if you owe money to the IRS.
Some Americans may be following false claims on social media and missing out on legitimate deductions.
Beijing fires back at Trump's latest tariffs with a matching 34% tax on all U.S. imports and tightened export controls on rare earth elements.
Tax season can bring added exposure to scams and fraud. A mother and daughter in Little Neck, Queens say it happened to them.
Bankrate Tax Analyst Kemberley Washington joins CBS New York to discuss common tax scams.
IRS data shows that the average refund check so far is about $2,200, or $1,000 less than a year earlier. Here's what experts say.
The IRS has adjusted tax brackets and dozens of other provisions for inflation. Here's how that will impact your taxes.
There won't be a back-to-school sales tax holiday in New Jersey in 2024 after lawmakers repealed the popular tax break. CBS News New York's Nick Caloway reports.
Project 2025, a blueprint for the next Republican president, proposes major economic changes that could impact millions of Americans.
The NYPD confirmed it closed some of its foreign outposts amid tax trouble.
Millions of Americans filed their taxes during the last two weeks of this year's tax season. Here's how to find out when you'll get your refund.
If you're one of the millions of taxpayers who delay their taxes, it's easy to get an extension to October 15.
We speak with IRS Commissioner Danny Werfel about his first tax season leading the agency.
People who are waiting until the last minute to file taxes have until 11:59 p.m. on April 15, unless they have been granted an extension.
What are some common mistakes people make when filing their taxes themselves, and how can you lower your bill? We ask an expert to explain.
Nearly half of Americans who are expecting a tax refund this year say they plan to use the money to boost their savings or pay off debt, according to a Bankrate survey. We hear from Senior Industry Analyst Ted Rossman for his advice.
President Joe Biden's proposed 2025 budget outlines a range of tax breaks geared to both individuals and families.
Con Ed blamed the Bushwick power outage on snow and road salt mixing together and seeping into its ground equipment.
Lindsey Vonn, who came out of retirement to compete in the 2026 Milano Cortina Winter Games, was airlifted off the mountain.
An Extreme Cold Warning is in place across New York, New Jersey and Connecticut through 1 p.m. Sunday.
Former House Speaker Nancy Pelosi plans to endorse Jack Schlossberg, John F. Kennedy's grandson, a source familiar confirmed to CBS News.
Terrance Gore, a former outfielder and three-time World Series champion known for his blazing speed on the base paths, has died at 34 years old, according to Major League Baseball officials.
Con Ed blamed the Bushwick power outage on snow and road salt mixing together and seeping into its ground equipment.
An Extreme Cold Warning is in place across New York, New Jersey and Connecticut through 1 p.m. Sunday.
New York City officials are expanding efforts to make sure all residents stay safe during Saturday night's dangerously cold conditions.
Mayor Zohran Mamdani issued an executive order he says will protect New Yorkers from "abusive immigration enforcement" by the Trump administration.
New York City police are searching for three suspects accused of trying to break into homes on Staten Island and in one case stealing a luxury car.
An Extreme Cold Warning is in place across New York, New Jersey and Connecticut through 1 p.m. Sunday.
A Connecticut man was arrested after allegedly driving drunk in the Bronx and hitting pedestrians on a sidewalk Friday.
Parts of New York and Connecticut could see snow Friday into Saturday. A First Alert Weather Day is in effect for the weekend due to dangerously cold temperatures.
Bundle up — New York City and the Tri-State Area's stretch of dangerously cold weather continues, and it's sticking around longer than anyone would like.
New York, New Jersey and Connecticut were pivotal during America's birth. This year, as the nation celebrates its 250th birthday, CBS News New York is highlighting the hidden history in our own back yard.
An Extreme Cold Warning is in place across New York, New Jersey and Connecticut through 1 p.m. Sunday.
New York City and the Tri-State Area are preparing for what is expected to be the coldest weather of the season so far this weekend.
The Democratic primary race for the Congressional seat vacated by Gov. Mikie Sherrill is too close to call.
Gateway Tunnel construction may resume after a federal judge temporarily blocked President Trump's funding freeze for New York and New Jersey's $16 billion infrastructure project.
The entire Tri-State Area will be under an Extreme Cold Warning as dangerously cold temperatures settle in, along with some snow.
An Extreme Cold Warning is in place across New York, New Jersey and Connecticut through 1 p.m. Sunday.
A Long Island man accused of driving drunk and killing a Nassau County police officer appeared in court Friday. Matthew Smith entered a not guilty plea.
The entire Tri-State Area will be under an Extreme Cold Warning as dangerously cold temperatures settle in, along with some snow.
The goal is to get patients drunk and high at a new research lab on the border of Nassau County and Queens.
The Patchogue-Medford School District said in a letter that the Suffolk County Department of Health alerted them about an infectious person in the school community.
Former House Speaker Nancy Pelosi plans to endorse Jack Schlossberg, John F. Kennedy's grandson, a source familiar confirmed to CBS News.
Mayor Zohran Mamdani issued an executive order he says will protect New Yorkers from "abusive immigration enforcement" by the Trump administration.
President Trump late Friday addressed a video posted to his social media account that included a racist depiction of Barack and Michelle Obama as apes, telling reporters he didn't see the part that showed the former president and first lady.
New York City and the Tri-State Area are preparing for what is expected to be the coldest weather of the season so far this weekend.
The Democratic primary race for the Congressional seat vacated by Gov. Mikie Sherrill is too close to call.
Mount Sinai Health System and Anthem Blue Cross Blue Shield failed to reach a contract agreement by Dec. 31, which means about 9,000 physicians are no longer considered in-network.
Brooklyn's Green-Wood Cemetery is set to become the first on the East Coast to offer human composting.
The goal is to get patients drunk and high at a new research lab on the border of Nassau County and Queens.
The Patchogue-Medford School District said in a letter that the Suffolk County Department of Health alerted them about an infectious person in the school community.
Day 25 of the New York City nurses strike saw protests, arrests and some progress in the negotiations.
Brad Arnold, the founder and lead singer of the 3 Doors Down has died following "his courageous battle with cancer," the rock band announced Saturday on social media.
Two-for-one tickets are returning for New York City's Off-Broadway Week.
The sheriff says the note was sent to a local Arizona news station, which agreed not to report on it, following the disappearance of "Today" show co-host Savannah Guthrie's mother, Nancy Guthrie.
Chuck Negron, a founding member of Three Dog Night whose lead vocals powered a string of hits for one of the top rock acts of the late 1960s and early '70s has died. He was 83.
Popular singer-songwriter Noah Kahan will be bringing his tour to New York City this summer. "The Great Divide" tour will stop at Citi Field on July 18.
Lindsey Vonn, who came out of retirement to compete in the 2026 Milano Cortina Winter Games, was airlifted off the mountain.
Terrance Gore, a former outfielder and three-time World Series champion known for his blazing speed on the base paths, has died at 34 years old, according to Major League Baseball officials.
The Nets used an 80-point first half to beat the short-handed Wizards 127-113 on Saturday.
Ryan's father led the Jets from 2009-14, including back-to-back appearances in the AFC Championship Game.
Daniss Jenkins scored 18 points in his last game as a two-way player and the Detroit Pistons routed New York 118-80 on Friday night to end the Knicks' winning streak at eight games.
After their building managers were arrested on fraud charges, tenants in Queens say their apartments were left in chaos.
Harlem's Schomburg Center for Research in Black Culture centennial anniversary began last year, and 2026 marks 100 years since the library became owner of its namesake's personal collection, making it a full-fledged research center.
Brooklyn's Green-Wood Cemetery is set to become the first on the East Coast to offer human composting.
Dozens of middle school girls celebrated National Girls and Women in Sports Day at the Brooklyn Basketball Training Center on Wednesday.
A group of senior dancers aged 70 and up shine on stage at the Korean Community Services' center in Queens. They practice in Flushing twice a week and perform at events citywide.
The Halloween tradition strolled through Manhattan's East Village on Sunday, with furry friends dressed in colorful costumes.
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Dogs got decked out for the annual Tompkins Square Halloween Dog Parade in New York City's East Village on Saturday.
Cosplayers flooded New York City's Javits Center in October 2024 for the annual New York Comic Con convention.
New Mayor James Solomon discusses ICE and his city's stunning budget deficit, and Andrew Yang shares thoughts from his new book "Hey Yang, Where's My Thousand Bucks?" Watch the interviews with CBS News New York's Marcia Kramer.
Hicks was just installed as the 11th Archbishop of New York after he was appointed by Pope Leo XIV.
It's been one week since Nancy Guthrie was first reported missing in Arizona. CBS News' Cristian Benavides reports.
Palisades Park firefighters also battled frigid weather during the fire on Broad Avenue.
Con Edison was responding to a power outage impacting more than 1,000 customers during New York City's coldest weather in years. CBS News New York's John Dias reports.
