Category: Eric Adams
Socialist Mamdani’s tax assault on NYC’s rich begins — claims Adams forced his hand with fiscal crisis
New York City’s newly inaugurated mayor, Democratic Socialist Zohran Mamdani, revealed plans to increase taxes on “the richest New Yorkers” less than one month into his term, blaming former Mayor Eric Adams (D) for a budget shortfall.
On Thursday, Mamdani held a press conference to detail the “Adams Budget Crisis,” claiming that the former mayor “misled and misinformed” New Yorkers about the “true state” of the city’s finances.
‘And here’s the part socialists hate saying out loud: “Free” is a lie.’
“I will be blunt: New York City is facing a serious fiscal crisis. There is a massive fiscal deficit in our city’s budget to the tune of at least $12 billion. We did not arrive at this place by accident. This crisis has a name and a chief architect,” Mamdani said.
“This is the Adams Budget Crisis.”
He accused Adams of handing the new administration “a poisoned chalice” by “systematically” under-budgeting necessary services, including rental assistance, shelter, and special education.
“Knowing his time in office was likely coming to an end, Mayor Adams chose political self-preservation over fiscal responsibility. This is not just bad governance. It is negligence,” Mamdani remarked.
“The Adams administration dramatically and intentionally understated the problem.”
Mamdani vowed to balance the budget over two fiscal years by implementing “bold solutions,” including “recalibrating the broken fiscal relationship between the state and the city.” He argued that New York City contributes 54.5% of the state’s revenue but receives only 40.5% of its operating expenditures.
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Zohran Mamdani. Photo by Spencer Platt/Getty Images
“Working people did not cause this crisis, and they cannot be made the victims of its solution,” Mamdani stated.
“The time has come to tax the richest New Yorkers and most profitable corporations,” he declared.
Mamdani stated that he could “build a stronger city for everyone” if New York’s top 1% earners paid an additional 2% in income taxes, while claiming that the increase was not significant enough to drive wealthy individuals to leave the state.
Eric Adams. Photo by ANGELA WEISS/AFP via Getty Images
Adams fired back at Mamdani in several posts on X, denying that he left a deficit in the city’s budget.
“Facts have a way of getting in the way when slogans replace math and blame replaces leadership,” Adams wrote. “I didn’t leave a ‘budget hole.’ I left over $8 BILLION in reserves. Only someone who can’t read a balance sheet would call that a crisis.”
“And here’s the part socialists hate saying out loud: ‘Free’ is a lie. Every so-called free program comes with a price tag, and someone always pays for it,” he added.
Adams argued that Mamdani’s real motive behind his press conference was to find a way to pay for the “laundry list of ‘free’ giveaways” he promised New Yorkers “to buy votes.”
“Now that the math doesn’t work, instead of owning the fact that he misled New Yorkers, he’s blaming me,” Adams said. “This is the same Mamdani who spent years attacking me for not spending enough during the migrant crisis. The only reason those reserves exist is because I ignored him and his socialist comrades who demanded we blow billions more with no guardrails.”
Adams mocked Mamdani in a third post on X, writing, “When you promise ‘free’ everything on Sunday, boldly declare that millionaires and billionaires shouldn’t exist on Monday, and by Tuesday you’re scrambling to fund your giveaways with the very people you wanted gone just yesterday.”
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Israel’s Ministry of Foreign Affairs accuses NYC Mayor Mamdani of anti-Semitism after his first day in office
Israel’s Ministry of Foreign Affairs accused New York City Mayor Zohran Mamdani of anti-Semitism over moves the freshly inaugurated mayor made during his first day in office Thursday.
The New York Times said Mamdani canceled two executive orders by his predecessor — former Mayor Eric Adams — that had barred city agencies from boycotting Israel and defined some criticism of Israel as anti-Semitic.
‘Singling out Israel for sanctions is not the way to make Jewish New Yorkers feel included and safe, and will undermine any words to that effect.’
“On his very first day as @NYCMayor, Mamdani shows his true face: He scraps the IHRA definition of antisemitism and lifts restrictions on boycotting Israel,” the Foreign Ministry wrote on X. “This isn’t leadership. It’s antisemitic gasoline on an open fire.”
The Times called the statement from Israel’s Foreign Ministry “an extraordinary accusation of anti-Jewish animosity.”
Israel’s consul general in New York, Ofir Akunis, added that Mamdani’s decision posed “an immediate threat to the safety of Jewish communities in New York City and could lead to an increase in violent anti-Semitic attacks throughout the city,” according to the paper.
The Times said New York City is home to the largest Jewish population outside of Israel.
More from the paper:
Mr. Mamdani has been a strong critic of Israel and its treatment of the Palestinians throughout his public life, and the Israeli government has denounced him before. As recently as October, it described him as someone who “excuses terror and normalizes antisemitism” and said he “stands with Jews only when they are dead.”
The two Israel-related executive orders revoked on Thursday were among a dozen orders issued by Mr. Mamdani’s predecessor, Eric Adams, that were canceled or amended by the new mayor on his first day in office. A spokeswoman for Mr. Mamdani had no immediate comment but said that the mayor expected to address Israel’s comments at an unrelated news conference in Brooklyn on Friday afternoon.
On Friday, a coalition of major Jewish organizations, including the Anti-Defamation League, the American Jewish Committee and the UJA Federation of New York, issued a joint statement opposing the cancellation of the executive orders.
The statement indicated Mamdani had “reversed two significant protections against antisemitism” and expressed particular alarm over the revocation of Adams’ ban on city agencies boycotting Israel, the Times said, adding that Adams signed that executive order just last month.
“Singling out Israel for sanctions is not the way to make Jewish New Yorkers feel included and safe, and will undermine any words to that effect,” the statement said, according to the paper.
The other Adams order Mamdani canceled was a definition of anti-Semitism from the International Holocaust Remembrance Alliance and included 11 examples intended to illustrate anti-Jewish bigotry — seven of which include or relate in some way to criticism of Israel, the Times said.
Mamdani’s views on Israel have been controversial, to say the least. The Times said the new mayor has criticized the Jewish state “in ways that were once seen as unthinkable for an elected official in New York.”
For instance, the paper said Mamdani has called Israel an apartheid state and has supported accusations that Israel has committed genocide in Gaza. Mamdani also has supported the Boycott, Divestment and Sanctions movement against Israel — and he even wants the New York Police Department to enforce an arrest warrant against the Israeli Prime Minister Benjamin Netanyahu, the Times added.
But the ride into office hasn’t been completely smooth for Mamdani, either. Last month, one of his appointees was forced to resign after the Anti-Defamation League brought to light anti-Semitic social media posts.
RELATED: ‘Money hungry Jews’: Mamdani appointee abruptly quits after her anti-Semitic online posts resurface
Photo by ANGELA WEISS / AFP via Getty Images
The New York Post noted other officials who criticized Mamdani’s moves.
Bruce Blakeman, executive for Nassau County and a Republican gubernatorial candidate, said in a statement that “Mayor Mamdani wasted no time showing New Yorkers exactly who he is,” the Post reported. “His very first executive action as mayor was not to address crime, public safety, or quality of life — it was to repeal protections for Jewish people. At a moment of exploding anti-Semitism, Mamdani sent a message that Jewish concerns are negotiable and Jewish safety is optional. It’s indefensible.”
Rep. Mike Lawler (R-N.Y.) posted on X that “Zohran is officially the face of the Democrat Party,” the Post added.
Brooklyn Republican Councilwoman Inna Vernikov urged Democrat Gov. Kathy Hochul of New York to stand up to Mamdani, the Post said: “@GovKathyHochul can fix this with the stroke of a pen! Will she stand up to Mamdani or will she cower to avoid a Mamdani primary? The Jewish community is watching!”
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Eric Adams says he plans to attend Mamdani inauguration
New York Mayor Eric Adams (D) said he would attend the inauguration of Mayor-Elect Zohran Mamdani (D) despite a disparaging campaign season. Sen. Bernie Sanders (I-Vt.) is set to swear in Mamdani, while Rep. Alexandria Ocasio-Cortez is also set to introduce the newly elected mayor. “We communicated this afternoon, and he made it clear that…
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