FOX Business’ Madison Alworth has the small print on NYC Mayor Zohran Mamdani’s plan to slash the property tax threshold by 90% whereas the highest charge jumps 50% on ‘Varney & Co.’ #foxbusiness #varneyandco
00:00 Intro: Mamdani’s Drastic New York Estate Tax Plan
00:21 Proposal: Estate Tax Threshold Slashed to $750,000
00:37 Top Tax Rate Jumps to 50%
00:56 Comptroller Warns Against Driving Residents Out
01:37 Business Community Blasts Mamdani’s Strategy
01:49 Closing New York City’s $5.4 Billion Budget Deficit
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