Category: Sean Hannity
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.
RELATED: ‘Proud to be a sanctuary city’: Mamdani announces another handout for illegal aliens in NYC
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.”
Like Blaze News? Bypass the censors, sign up for our newsletters, and get stories like this direct to your inbox. Sign up here!
THAT’S BANANAS! Somali Woman Who Went Viral for ‘Bananas & Rice’ Comment Arrested for Rioting
A Somali-American woman who went viral after likening her identity to “bananas and rice” was among 16 people arrested in Minneapolis as federal authorities escalated enforcement following clashes with protesters, according to Attorney General Pam Bondi.
FAFO: VCU Boots Deranged Nurse Over ICE ‘Resistance’ Rants [WATCH]
![FAFO: VCU Boots Deranged Nurse Over ICE ‘Resistance’ Rants [WATCH]](https://hannity.com/wp-content/uploads/2026/01/Nurse-300x169.png "Nurse")
VCU Health said a hospital employee is no longer employed after a series of viral social media videos showed a woman urging “sabotage” tactics against federal immigration agents, including suggestions involving syringes and drugs.
RESURFACED FOOTAGE: Man Who Appears to Be Alex Pretti Spits at ICE, Kicks Out Tail Light: Report
According to a New York Post report, newly surfaced video footage appears to show a man resembling Alex Pretti spitting toward federal immigration agents and damaging the taillights of a black SUV during a chaotic confrontation in Minneapolis days before Pretti was fatally shot by federal agents.
‘PLAYING WITH FIRE’: Trump Blasts Minneapolis Mayor After Frey Threatens to Ignore Federal Immigration Law
President Donald Trump warned Wednesday that Minneapolis Mayor Jacob Frey is “playing with fire” after Frey said the city will not enforce federal immigration laws, escalating a showdown over local cooperation with the administration’s immigration crackdown in Minnesota.
Trump’s ‘number-one fan,’ Nicki Minaj, praises the president, shreds Gavin ‘Newscum’
Rap sensation Nicki Minaj appeared alongside President Donald Trump in the nation’s capital to praise the administration, while delivering scathing remarks about California Democrat Gov. Gavin Newsom.
Minaj attended the Trump Account Summit in Washington, D.C., on Wednesday, personally pledging hundreds of thousands of dollars to child savings accounts spearheaded by the administration. These new accounts are a feature of Trump’s One Big Beautiful Bill Act, where the government and private donors fund investment accounts for every child born between 2025 and 2028.
‘Newscum only wants to be seen. He doesn’t want to do anything credible.’
In addition to her monetary contribution, Minaj praised Trump while ripping into Newsom.
“I am probably the president’s number-one fan,” Minaj said. “And that’s not going to change. And the hate or what people have to say — it does not affect me at all. It actually motivates me to support him more, and it’s going to motivate all of us to support him more. We’re not going to let them get away with bullying him.”
“He has a lot of force behind him, and God is protecting him.”
RELATED: Scott Bessent DESTROYS Gavin Newsom after Davos Trump smear
Minaj contrasted Trump with Newsom, most notably praising the president’s authenticity, which she says is unique for world leaders.
“This is a different human being,” Minaj said. “This is a different president. This is a different kind of leader. This is a businessman and an authentic human being. So when he says that he wants to contribute something long-term, way after he’s in office, that’s what he means.”
“He doesn’t want to make a change,” Minaj said of Newsom. “Absolutely not. Newscum only wants to be seen. He does not want to do anything credible with his time or life.”
RELATED: Nicki Minaj stuns crowd in surprise appearance at TPUSA conference, praises Trump and Vance
Photo by Win McNamee/Getty Images
Minaj went on to say that Treasury Secretary Scott Bessent was her new “hero” for his brutal takedown of the California governor in Davos, Switzerland, last week.
“The way he so calmly and confidently obliterated Newscum,” Minaj laughed.
Like Blaze News? Bypass the censors, sign up for our newsletters, and get stories like this direct to your inbox. Sign up here!
‘I’LL BE WATCHING’: Trump Confirms He’s Personally Watching Over the Investigation Into Alex Pretti’s Death [WATCH]
![‘I’LL BE WATCHING’: Trump Confirms He’s Personally Watching Over the Investigation Into Alex Pretti’s Death [WATCH]](https://hannity.com/wp-content/uploads/2026/01/Trump-Pretti-300x168.png "Trump Pretti")
The POTUS is keeping an eye on the Pretti investigation.
