Gov. Hochul is reportedly open to raising taxes on corporations in the Empire State to help fund socialist Mayor-elect Zohran Mamdani’s freebie-filled agenda for New York City.

Hochul, who is up for re-election in 2026, is sticking to her vow to not hit high-earners with higher taxes — but has had preliminary conversations about raising revenue by upping the corporate tax rate, according to Politico , which first reported the story.

Hochul has repeatedly said that she would not raise taxes when pressed by the far-left faction of Dems. Erik Pendzich/Shutterstock

The hike would help fill the more the $4 billion budget gap facing the state next year and cover some of the costs associated with Mamdani’s socialist dream in the Big Apple once he becomes mayor, according to Bloomberg.

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