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.
Watch CBS News
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There won't be a back-to-school sales tax holiday in New Jersey in 2024 after lawmakers repealed the popular tax break.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.
Archbishop Ronald Hicks received a warm welcome from the faithful in the pews at St. Patrick's Cathedral as he presided over his first Mass Sunday.
Salman Rushdie has come to terms with the attempt on his life the only way he knows: by writing a book about it, "Knife." He detailed the experience in his first television interview since the attack.
Team USA defended its Olympic figure skating team event gold medal on Sunday after Ilia "Quad God" ushered the team to victory at the Milan Cortina 2026 Winter Olympics.
The Seattle Seahawks defeated the New England Patriots Sunday to win the 2026 Super Bowl. Get live updates here.
NYU stands alone atop the NCAA Division III women's basketball record book with 82 consecutive victories.
Archbishop Ronald Hicks received a warm welcome from the faithful in the pews at St. Patrick's Cathedral as he presided over his first Mass Sunday.
Con Ed blamed the Bushwick power outage on snow and road salt mixing together and seeping into its ground equipment.
A Cold Weather Advisory is in place through 10 a.m. on Monday for the entire Tri-State Area. As a result, a First Alert Weather Day will be in play for at least part of the day.
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.
A Cold Weather Advisory is in place through 10 a.m. on Monday for the entire Tri-State Area. As a result, a First Alert Weather Day will be in play for at least part of the day.
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.
A Cold Weather Advisory is in place through 10 a.m. on Monday for the entire Tri-State Area. As a result, a First Alert Weather Day will be in play for at least part of the day.
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.
A Cold Weather Advisory is in place through 10 a.m. on Monday for the entire Tri-State Area. As a result, a First Alert Weather Day will be in play for at least part of the day.
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.
President Trump criticized Team USA freestyle skier Hunter Hess after he and other American athletes at the 2026 Winter Olympics shared their thoughts on U.S. politics.
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.
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.
Bad Bunny took the stage at halftime for the 2026 Super Bowl. Here's who else performed at Super Bowl 60.
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.
Team USA defended its Olympic figure skating team event gold medal on Sunday after Ilia "Quad God" ushered the team to victory at the Milan Cortina 2026 Winter Olympics.
The Seattle Seahawks defeated the New England Patriots Sunday to win the 2026 Super Bowl. Get live updates here.
NYU stands alone atop the NCAA Division III women's basketball record book with 82 consecutive victories.
Jalen Brunson scored 31 points and Josh Hart added 19 to help the New York Knicks beat the cold-shooting Boston Celtics 111-89 on Sunday.
President Trump criticized Team USA freestyle skier Hunter Hess after he and other American athletes at the 2026 Winter Olympics shared their thoughts on U.S. politics.
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.
CBS News New York's Vanessa Murdock is calling for temperatures in the upper 20s and low 30s on Monday and then we'll see a gradual climb as the new work week continues.
CBS News New York's Doug Williams has more on the scene at P.S. 48.
CBS News New York's Kristie Keleshian spoke to the new leader of the Archdiocese of New York and worshippers excited to see him.
The Pima County Sheriff's Office plans to maintain a police presence at her Tucson, Arizona-area home for security. CBS News New York's Doug Williams reports.
The utility said Sunday it shut the power off temporarily to prevent more extended outages, adding it hopes to have service restored by 7 a.m. on Monday. CBS News New York's Doug Williams reports.
