{"id":104964,"date":"2026-01-19T19:50:30","date_gmt":"2026-01-19T19:50:30","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/104964\/"},"modified":"2026-01-19T19:50:30","modified_gmt":"2026-01-19T19:50:30","slug":"mayor-mamdani-makes-case-for-taxing-the-rich-a-personal-one-for-black-families-during-bam-speech-amnewyork","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/104964\/","title":{"rendered":"Mayor Mamdani makes case for taxing the rich a personal one for Black families during BAM speech \u2013 amNewYork"},"content":{"rendered":"<p>\t\t\t\t<img width=\"1200\" height=\"800\" src=\"https:\/\/www.newsbeep.com\/us-ny\/wp-content\/uploads\/2026\/01\/Photo-Jan-19-2026-11-52-55-AM.jpg\" class=\"crop-center wp-post-image\" alt=\"Mayor Mamdani speaks at the Brooklyn Academy of Music during the city\u2019s Martin Luther King Jr. Day celebration on Jan. 19\" decoding=\"async\" fetchpriority=\"high\"   title=\"MLK Day: Mayor Mamdani makes case for taxing the rich a personal one for Black families during BAM speech 1\"\/>\t\t\t<\/p>\n<p>Mayor Zohran Mamdani speaks at the Brooklyn Academy of Music during the city\u2019s Martin Luther King Jr. Day celebration on Jan. 19.<\/p>\n<p>Photo by Lloyd Mitchell <\/p>\n<p><a href=\"https:\/\/www.amny.com\/politics\/mamdani100days\/\" target=\"_blank\" rel=\"nofollow noopener\">Mayor Zohran Mamdani<\/a> used his Martin Luther King Jr. Day speech at the <a href=\"http:\/\/bam.org\" target=\"_blank\" rel=\"noopener nofollow\">Brooklyn Academy of Music (BAM)<\/a> on Monday to push back against warnings that his plan for higher taxes on wealthy New Yorkers would drive them out of the city, arguing that city leaders have ignored what he described as a more concrete and damaging population loss.<\/p>\n<p>\u201cWhen I speak about how the wealthiest in this city should pay a little bit more in taxes, I am often told about a potential exodus,\u201d Mamdani said. \u201cBut why is there no focus on the exodus of fact?\u201d<\/p>\n<p>Mamdani cited data showing that from 2010 to 2019, New York City lost nearly 20% of its population of Black children and teenagers, framing the decline as the result of policy choices rather than individual decisions.<\/p>\n<p>\u201cFor it was we as this city that did so,\u201d he said, referring to the forces that pushed families out. He pointed to high childcare costs as a major driver of displacement, noting that \u201cthe average cost of childcare was $26,000 a year, and that\u2019s a good deal.\u201d<\/p>\n<p>Speaking at BAM\u2019s annual MLK Day celebration, Mamdani framed inequality as a defining contradiction of the city\u2019s wealth.\n<\/p>\n<p>\u201cWhile the city is wealthy beyond measure, it is also deeply unequal,\u201d he said. \u201cSome New Yorkers sleep in penthouses. Others sleep on the sidewalk below.\u201d\n<\/p>\n<p>Throughout the speech, Mamdani tied his policy agenda to Dr. Martin Luther King Jr.\u2019s emphasis on economic justice, arguing that civil rights without economic access are insufficient.\n<\/p>\n<p>\u201cWe cannot only speak of Dr. King\u2019s legacy as if it is a legacy of rights that can be given to people,\u201d he said. \u201cIt must also be a legacy of rights that those people can exercise themselves.\u201d<\/p>\n<p>He also highlighted racial disparities in public services, saying that few experience the consequences of those failures \u201cas intimately as Black New Yorkers in our city\u2019s most bus-dependent areas.\u201d Mamdani pointed to slower bus service, crowded classrooms, and maternal health outcomes, noting that Black mothers are nine times more likely to die of pregnancy-related causes.<\/p>\n<p>Mamdani says taxing the rich will deliver more programs for New York<\/p>\n<p>On solutions, Mamdani highlighted the recent city-state agreement to deliver more than $1 billion in funding for universal childcare, framing it as a critical step toward keeping families in the city.<\/p>\n<p>He reiterated his call for the wealthiest New Yorkers to pay more in taxes to fund equity initiatives and broader public services, such as his campaign pledges for free and fast buses.\n<\/p>\n<p>Last week, he said his administration would continue pressing Albany to address <a href=\"https:\/\/www.amny.com\/news\/city-multibillion-dollar-budget-gaps-comptroller\/\" target=\"_blank\" rel=\"nofollow noopener\">fiscal gaps<\/a> as budget negotiations move forward, proposing an increase in the state\u2019s corporate tax rate for large companies from 7.25% to 11.5%, along with additional income taxes on New Yorkers earning more than $1 million annually.<\/p>\n<p>Gov. Kathy Hochul has ruled out tax hikes on high-income earners in this year\u2019s state budget, though she left open the possibility of adjustments to corporate income taxes. She did not propose any increases in her State of the State address earlier this week.<\/p>\n<p>ICE agents mask up because \u2018they know\u2019 they\u2019re wrong: Mamdani<\/p>\n<p>Addressing federal immigration enforcement, he said the city is seeing \u201cthe craven abuses of ICE across this country and also in this city,\u201d accusing agents of targeting immigrant communities.<\/p>\n<p>\u201cThey wear masks because they know that what they are doing is wrong,\u201d he said.\n<\/p>\n<p>Mamdani, who immigrated to the U.S. as a child, said those policies have transformed civic spaces that once symbolized opportunity into places of fear. He described how buildings he once viewed as pathways to citizenship, such as the immigration courts at 26 Federal Plaza, are now associated with detention and deportation.<\/p>\n<p>The mayor also pointed to a recent agreement with the state, saying it will deliver \u201cmore than a billion dollars in funding for universal child care right here in New York City.\u201d\n<\/p>\n<p>He closed by urging New Yorkers to recommit to King\u2019s vision of solidarity and moral leadership, calling for compassion and collective responsibility \u201cno matter the cost.\u201d\n<\/p>\n<p>This is a developing story. Check back for updates.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Mayor Zohran Mamdani speaks at the Brooklyn Academy of Music during the city\u2019s Martin Luther King Jr. Day&hellip;\n","protected":false},"author":2,"featured_media":104965,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[98,100,99,1445,46296,9,24,63],"class_list":{"0":"post-104964","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-brooklyn","8":"tag-brooklyn","9":"tag-brooklyn-headlines","10":"tag-brooklyn-news","11":"tag-mamdani","12":"tag-mlk-day","13":"tag-new-york","14":"tag-new-york-city","15":"tag-nyc"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/104964","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=104964"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/104964\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/104965"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=104964"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=104964"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=104964"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}