Zohran Mamdani's wealth tax plan

Mamdani intends to use the projected $70 million in annual revenue to fund government-run grocery stores in underserved neighborhoods like East Harlem.

However, experts warn that the construction of city-owned markets could cost four times more than private alternatives and result in permanent operational losses.

Governor Kathy Hochul has offered a cautious endorsement of the tax, attempting to find common ground with the mayor's progressive agenda.

Meanwhile, Mamdani's wife, Rama Duwaji, has issued a public apology after 'harmful' social media posts from her past surfaced online.