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NYC small businesses face strain under Mamdani’s proposed tax credit cut

NYC Mayor Zohran Mamdani’s proposal to cut the pass-through entity tax credit raises concerns among business leaders who warn it could drive out small businesses

New York City Mayor Zohran Mamdani’s latest effort to close a widening budget gap is intensifying concerns among business leaders, as his proposal to scale back a key tax credit threatens a broad range of companies that rely on it to remain competiti… [1851 chars]

Source: Fox Business | Published: 2026-04-30T11:00:24Z

Credit: Fox Business

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