Mamdani Meets 2 Wall Street CEOs as New York Tax Plans Stir Business Fears
Updated
Updated · The New York Times · May 19
Mamdani Meets 2 Wall Street CEOs as New York Tax Plans Stir Business Fears
3 articles · Updated · The New York Times · May 19
Zohran Mamdani held back-to-back meetings Monday with JPMorgan Chase CEO Jamie Dimon and Goldman Sachs CEO David Solomon, signaling a more business-friendly posture at City Hall.
Tax policy drove the outreach: Dimon warned in April that New York risked pushing business out, and Mamdani has recently championed higher taxes on wealthy property owners, including a plan targeting multimillion-dollar second homes.
JPMorgan said Dimon and Mamdani had a constructive discussion about government and business working together to help New Yorkers and keep the city competitive; the mayor's office called the Dimon meeting genial.
The meetings extend Mamdani's broader effort to build ties with corporate leaders even as his 'tax-the-rich' agenda unsettles parts of the finance industry.
Facing a $12B deficit, can New York's mayor and Wall Street find common ground to avert a looming fiscal crisis?
As rating agencies issue warnings, can New York's progressive policies and its status as a financial capital truly coexist?