“Beginning today we will govern expansively and audaciously,” New York City Mayor Zohran Mamdani pledged during his inauguration speech on Jan. 1.

So, why is he continuing to run away from the New York State Stock Transfer Tax Rebate and letting Lt. Governor Antonio Delgado show what audacity really looks like?

A couple of weeks before Mayor Mamdani took the oath of office, gubernatorial hopeful Antonio Delgado took to social media to pledge his support for repealing the New York State Stock Transfer Tax Rebate—a move economists now say could generate anywhere between $40 to $75 billion annually in additional tax revenues to benefit the urgent needs of all New Yorkers.

“For decades, Wall Street has made billions off New Yorkers—and paid nothing in stock transfer taxes. It’s time to collect the revenue already on the books and invest it back into our schools, transit, and communities. Let’s make the ultra-wealthy pay what they owe,” Delgado wrote in a Dec. 22, 2025 post on X.

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