Hochul edges toward tax hikes after Mamdani win

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The New York governor has flipped her positions in the past as the political climate changes.


By Nick Reisman
12/04/2025 05:55 AM EST


ALBANY, New York — Gov. Kathy Hochul spent months saying she wouldn’t raise taxes. Then Zohran Mamdani won the New York City mayor’s race — transforming the political universe overnight.

Mamdani’s victory didn’t just install a democratic socialist in City Hall. It immediately shifted the political terrain around the more moderate governor, flooding Albany with tax-the-rich demands as Hochul reconsiders a position she had treated as nonnegotiable all year.

In the days since the election, Hochul has begun leaving the door open to raising corporate tax rates — a subtle but significant shift for a leader whose career has been defined by adapting to fast-moving political realities. It’s an instinct that has helped her navigate everything from guns to immigration to the state’s bail law. Now she’s confronting a version of that test with far more on the line.

Hochul is running for reelection next year, and her decisions in Albany will shape not only her own future but the fate of congressional battleground districts that could determine control of the House. Any move toward higher taxes — especially for large corporations — risks unsettling business allies. Holding a firm line against levy hikes stands to provoke a newly empowered left that believes it delivered a mandate.

https://www.politico.com/news/2025/12/04/hochul-edges-toward-tax-hikes-after-mamdani-win-00675597