NYC Business Leader Warns of Corporate Exodus Over Proposed Tax Hikes
Steve Fulop, CEO of the Partnership for the City of New York, has warned that Mayor Zohran Mamdani's proposed tax hikes could lead to a corporate exodus from New York City. The proposed increases include raising corporate taxes on financial and non-financial sectors, which could generate significant revenue but also drive businesses to relocate to states with lower taxes. Fulop's comments come amid ongoing discussions in the state legislature about potential tax increases, with some companies already exploring relocation options. 
