{"id":10504,"date":"2026-07-19T11:05:48","date_gmt":"2026-07-19T06:05:48","guid":{"rendered":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/?p=10504"},"modified":"2026-07-19T11:05:48","modified_gmt":"2026-07-19T06:05:48","slug":"mamdani-doubles-down-on-democratic-socialism-while-insisting-wall-street-business-leaders-can-work-with-him","status":"publish","type":"post","link":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/?p=10504","title":{"rendered":"Mamdani doubles down on democratic socialism while insisting Wall Street, business leaders can work with him"},"content":{"rendered":"<p><script>\r\n  atOptions = {\r\n    'key' : '644b717812d811d6a1c1fc5b6ccd6fa6',\r\n    'format' : 'iframe',\r\n    'height' : 90,\r\n    'width' : 728,\r\n    'params' : {}\r\n  };\r\n<\/script>\r\n<script src=\"https:\/\/www.highperformanceformat.com\/644b717812d811d6a1c1fc5b6ccd6fa6\/invoke.js\"><\/script>\r\n<br \/>\n<\/p>\n<div xmlns:default=\"http:\/\/www.w3.org\/2000\/svg\" data-article-body=\"true\" data-body-type=\"bodyblocks\">\n<p class=\"mb-4 text-lg md:leading-8 break-words\"><a data-ylk=\"slk:New York City;elm:context_link;itc:0;sec:content-canvas;\" data-yga=\"{&quot;yLinkElement&quot;:&quot;link&quot;,&quot;yLinkElementType&quot;:&quot;article_link&quot;}\" href=\"https:\/\/foxnews.com\/category\/us\/new-york-city\" rel=\"noopener noreferrer nofollow\" target=\"_blank\">New York City<\/a> Democratic Mayor Zohran Mamdani is embracing his identity as a Democratic Socialist, arguing the movement represents a return to the Democratic Party&#8217;s New Deal roots even as he insists Wall Street and corporate leaders have nothing to fear from his administration.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">In a wide-ranging interview with <a data-ylk=\"slk:The New York Times;elm:context_link;itc:0;sec:content-canvas;\" data-yga=\"{&quot;yLinkElement&quot;:&quot;link&quot;,&quot;yLinkElementType&quot;:&quot;article_link&quot;}\" href=\"https:\/\/www.nytimes.com\/2026\/07\/18\/magazine\/zohran-mamdani-interview.html\" rel=\"noopener noreferrer nofollow\" target=\"_blank\">The New York Times<\/a>, Mamdani rejected the notion that his political label is a liability, instead characterizing Democratic Socialism as the modern embodiment of Franklin D. Roosevelt&#8217;s vision for the Democratic Party.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">&#8220;So much of what makes me proud to be a Democrat is looking at what our party used to stand for. You think about the Four Freedoms, you think FDR, you think the New Deal,&#8221; Mamdani said. &#8220;Those are at the core of what our party&#8217;s identity is, and yet it feels like to experience it, you have to read about it. You can&#8217;t see it around you anymore. And that isn&#8217;t something that I&#8217;m willing to accept, and I know that many feel similarly.&#8221;<\/p>\n<figure class=\"relative mb-4\">\n<div class=\"relative\"><img alt=\"New York City Mayor Zohran Mamdani delivers a speech to mark the 250th anniversary of the United States of America at City Hall in New York, NY, U.S., July 3, 2026.\" loading=\"lazy\" width=\"960\" height=\"540\" decoding=\"async\" data-nimg=\"1\" class=\"rounded-lg\" style=\"color:transparent\" src=\"https:\/\/s.yimg.com\/lo\/mysterio\/api\/ae8c962b4f0fb6014c1afe82d9f2cbdc3642d3ebee53ad6826ff86541b62e4b8\/lightyear_networkapi\/resizefill_w960;quality_80;format_webp\/https:%2F%2Fmedia.zenfs.com%2Fen%2Ffox_news_text_979%2F2be1485bbf9f14f3a225e89171a9eb4b\"\/><button aria-label=\"View larger image\" class=\"group absolute bottom-0 size-full\" data-ylk=\"elm:expand;itc:1;sec:image-lightbox;slk:lightbox-open;\"><span class=\"absolute bottom-3 right-3 rounded-full bg-primary p-3 opacity-100 shadow-elevation-3 transition-opacity duration-300 group-hover:block group-hover:opacity-100 md:p-[17px] lg:bottom-6 lg:right-6 lg:bg-primary\/90 lg:p-5 lg:opacity-0 lg:shadow-none\"><default:svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"24\" height=\"24\" viewbox=\"0 0 24 24\" aria-hidden=\"true\" focusable=\"false\" class=\"flex-none size-4 -scale-x-100 text-primary lg:size-6 [&amp;_path]:fill-current\"><default:path fill=\"currentColor\" d=\"M3.1 3.1V11h1.8V6.314l5.392 5.393 1.415-1.414L6.313 4.9H11V3.1zm17.8 17.8V13h-1.8v4.686l-5.393-5.393-1.415 1.414 5.393 5.393H13v1.8z\"\/><\/default:svg><\/span><\/button><dialog aria-label=\"Modal Dialog\" aria-modal=\"true\" class=\"fixed bottom-0 left-0 right-0 top-0 z-4 size-full max-h-none max-w-none bg-primary hidden\"\/><\/div><figcaption class=\"relative text-sm mt-1 pr-2.5\">\n<p>New York City Mayor Zohran Mamdani delivers a speech to mark the 250th anniversary of the United States of America at City Hall in New York, NY, U.S., July 3, 2026.<\/p>\n<\/figcaption><\/figure>\n<p class=\"mb-4 text-lg md:leading-8 break-words\"><a data-ylk=\"slk:De Blasio Defends Socialist 'Insurgency' Inside Democratic Party, Says Trump Has Become 'Status Quo';elm:context_link;itc:0;sec:content-canvas;\" data-yga=\"{&quot;yLinkElement&quot;:&quot;link&quot;,&quot;yLinkElementType&quot;:&quot;article_link&quot;}\" href=\"https:\/\/foxnews.com\/media\/de-blasio-defends-socialist-insurgency-democratic-party-trump-status-quo\" rel=\"noopener noreferrer nofollow\" target=\"_blank\"><strong>De Blasio Defends Socialist &#8216;Insurgency&#8217; Inside Democratic Party, Says Trump Has Become &#8216;Status Quo&#8217;<\/strong><\/a><\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">The remarks come as Mamdani has emerged as one of the Democratic Party&#8217;s most prominent progressive voices following a string of successful endorsements of fellow <a data-ylk=\"slk:Democratic Socialist candidates;elm:context_link;itc:0;sec:content-canvas;\" data-yga=\"{&quot;yLinkElement&quot;:&quot;link&quot;,&quot;yLinkElementType&quot;:&quot;article_link&quot;}\" href=\"https:\/\/foxnews.com\/politics\/far-left-surge-mamdani-backed-candidates-oust-democratic-establishment\" rel=\"noopener noreferrer nofollow\" target=\"_blank\">Democratic Socialist candidates<\/a>, who won their primary House races.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">Even as he doubled down on Democratic Socialism, Mamdani insisted his administration welcomed private investment and collaboration with Wall Street, finance and real estate leaders, despite continuing to push for higher taxes on the city&#8217;s wealthiest residents.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\"><a data-ylk=\"slk:Read On The Fox News App;elm:context_link;itc:0;sec:content-canvas;\" data-yga=\"{&quot;yLinkElement&quot;:&quot;link&quot;,&quot;yLinkElementType&quot;:&quot;article_link&quot;}\" href=\"https:\/\/foxnews.onelink.me\/xLDS\/mvaj7wvj\" rel=\"noopener noreferrer nofollow\" target=\"_blank\"><strong>Read On The Fox News App<\/strong><\/a><\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">&#8220;I think it&#8217;s important,&#8221; Mamdani said of the city&#8217;s relationship with private business leaders. &#8220;And what I have in common with leaders of those sectors \u2014 even amid disagreements, because I believe that we can raise taxes a little bit more on the wealthiest New Yorkers \u2014 what brings us together is both a belief in the city and a commitment to its continued vitality.&#8221;<\/p>\n<figure class=\"relative mb-4\">\n<div class=\"relative\"><img alt=\"Zohran Mamdani and Claire Valdez hug\" loading=\"lazy\" width=\"960\" height=\"540\" decoding=\"async\" data-nimg=\"1\" class=\"rounded-lg\" style=\"color:transparent\" src=\"https:\/\/s.yimg.com\/lo\/mysterio\/api\/9dd62b01ed2b0ece2a0f5aaab365a61f4ac0b66307f03106f3374ca82c641eb7\/lightyear_networkapi\/resizefill_w960;quality_80;format_webp\/https:%2F%2Fmedia.zenfs.com%2Fen%2Ffox_news_text_979%2F48211fa3f8cbdbffc3ae4c22db9a7760\"\/><button aria-label=\"View larger image\" class=\"group absolute bottom-0 size-full\" data-ylk=\"elm:expand;itc:1;sec:image-lightbox;slk:lightbox-open;\"><span class=\"absolute bottom-3 right-3 rounded-full bg-primary p-3 opacity-100 shadow-elevation-3 transition-opacity duration-300 group-hover:block group-hover:opacity-100 md:p-[17px] lg:bottom-6 lg:right-6 lg:bg-primary\/90 lg:p-5 lg:opacity-0 lg:shadow-none\"><default:svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"24\" height=\"24\" viewbox=\"0 0 24 24\" aria-hidden=\"true\" focusable=\"false\" class=\"flex-none size-4 -scale-x-100 text-primary lg:size-6 [&amp;_path]:fill-current\"><default:path fill=\"currentColor\" d=\"M3.1 3.1V11h1.8V6.314l5.392 5.393 1.415-1.414L6.313 4.9H11V3.1zm17.8 17.8V13h-1.8v4.686l-5.393-5.393-1.415 1.414 5.393 5.393H13v1.8z\"\/><\/default:svg><\/span><\/button><dialog aria-label=\"Modal Dialog\" aria-modal=\"true\" class=\"fixed bottom-0 left-0 right-0 top-0 z-4 size-full max-h-none max-w-none bg-primary hidden\"\/><\/div><figcaption class=\"relative text-sm mt-1 pr-2.5\">\n<p>NEW YORK, NEW YORK &#8211; JUNE 23: New York City Mayor Zohran Mamdani and NYC Congressional candidate Claire Valdez embrace during a primary-night watch party at 99 Scott Studio on June 23, 2026 in the East Williamsburg neighborhood of the Brooklyn borough in New York City.<\/p>\n<\/figcaption><\/figure>\n<p class=\"mb-4 text-lg md:leading-8 break-words\"><a data-ylk=\"slk:Far-left Surge: Mamdani-backed Candidates Oust Dem Establishment Incumbents;elm:context_link;itc:0;sec:content-canvas;\" data-yga=\"{&quot;yLinkElement&quot;:&quot;link&quot;,&quot;yLinkElementType&quot;:&quot;article_link&quot;}\" href=\"https:\/\/foxnews.com\/politics\/far-left-surge-mamdani-backed-candidates-oust-democratic-establishment\" rel=\"noopener noreferrer nofollow\" target=\"_blank\"><strong>Far-left Surge: Mamdani-backed Candidates Oust Dem Establishment Incumbents<\/strong><\/a><\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">Mamdani pointed to the recent announcement of American Express&#8217; new headquarters at Two World Trade Center as evidence that major corporations continue <a data-ylk=\"slk:investing in New York;elm:context_link;itc:0;sec:content-canvas;\" data-yga=\"{&quot;yLinkElement&quot;:&quot;link&quot;,&quot;yLinkElementType&quot;:&quot;article_link&quot;}\" href=\"https:\/\/foxnews.com\/category\/us\/us-regions\/northeast\/new-york\" rel=\"noopener noreferrer nofollow\" target=\"_blank\">investing in New York<\/a>.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">&#8220;These business leaders, they&#8217;re not just making decisions on the basis of dollars and cents; they&#8217;re also making decisions on the basis of investing in the city and in what the city represents,&#8221; he said.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">The mayor also rejected the idea that Democratic Socialism is incompatible with economic growth after the interviewer remarked that he sounded in line with a &#8220;capitalist mayor.&#8221;<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\"><a data-ylk=\"slk:Nyc Mayor Mamdani Calls Threat Of Rich People Leaving Nyc Over Taxes 'Imagined';elm:context_link;itc:0;sec:content-canvas;\" data-yga=\"{&quot;yLinkElement&quot;:&quot;link&quot;,&quot;yLinkElementType&quot;:&quot;article_link&quot;}\" href=\"https:\/\/foxnews.com\/media\/nyc-mayor-mamdani-calls-threat-rich-people-leaving-nyc-taxes-imagined\" rel=\"noopener noreferrer nofollow\" target=\"_blank\"><strong>Nyc Mayor Mamdani Calls Threat Of Rich People Leaving Nyc Over Taxes &#8216;Imagined&#8217;<\/strong><\/a><\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">&#8220;I will always celebrate continued investment in this city,&#8221; Mamdani said. &#8220;And I&#8217;ll also look to ensure that more and more New Yorkers can be a part of those benefits.&#8221;<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">But even as Mamdani boasts his support for corporate investments, an analysis by the Citizens Budget Commission <a data-ylk=\"slk:found;elm:context_link;itc:0;sec:content-canvas;\" data-yga=\"{&quot;yLinkElement&quot;:&quot;link&quot;,&quot;yLinkElementType&quot;:&quot;article_link&quot;}\" href=\"https:\/\/cbcny.org\/sites\/default\/files\/media\/files\/CBCREPORT_NY-Millionaire-Share_08262025_3.pdf?utm_source=chatgpt.com\" rel=\"noopener noreferrer nofollow\" target=\"_blank\">found<\/a> New York&#8217;s share of the nation&#8217;s millionaires fell from 12.7% in 2010 to 8.7% in 2022, the steepest decline of any state, costing an estimated $10.7 billion in <a data-ylk=\"slk:personal income tax revenue;elm:context_link;itc:0;sec:content-canvas;\" data-yga=\"{&quot;yLinkElement&quot;:&quot;link&quot;,&quot;yLinkElementType&quot;:&quot;article_link&quot;}\" href=\"https:\/\/foxnews.com\/category\/us\/economy\" rel=\"noopener noreferrer nofollow\" target=\"_blank\">personal income tax revenue<\/a> in 2022 alone.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">The report points to New York&#8217;s high taxes and declining competitiveness relative to states like Florida and Texas as factors behind its shrinking share of the nation&#8217;s millionaires.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">Mamdani has made raising taxes on <a data-ylk=\"slk:wealthy New Yorkers;elm:context_link;itc:0;sec:content-canvas;\" data-yga=\"{&quot;yLinkElement&quot;:&quot;link&quot;,&quot;yLinkElementType&quot;:&quot;article_link&quot;}\" href=\"https:\/\/foxnews.com\/media\/nyc-mayor-mamdani-calls-threat-rich-people-leaving-nyc-taxes-imagined\" rel=\"noopener noreferrer nofollow\" target=\"_blank\">wealthy New Yorkers<\/a> a centerpiece of his economic agenda, arguing the city&#8217;s highest earners and most profitable corporations should shoulder more of the cost of funding public services.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\"><a data-ylk=\"slk:Click Here To Download The Fox News App;elm:context_link;itc:0;sec:content-canvas;\" data-yga=\"{&quot;yLinkElement&quot;:&quot;link&quot;,&quot;yLinkElementType&quot;:&quot;article_link&quot;}\" href=\"https:\/\/foxnews.onelink.me\/xLDS?pid=AppArticleLink&amp;af_dp=foxnewsaf%3A%2F%2F&amp;af_web_dp=https%3A%2F%2Fwww.foxnews.com%2Fapps-products\" rel=\"noopener noreferrer nofollow\" target=\"_blank\"><strong>Click Here To Download The Fox News App<\/strong><\/a><\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\"><a data-ylk=\"slk:His interview comes;elm:context_link;itc:0;sec:content-canvas;\" data-yga=\"{&quot;yLinkElement&quot;:&quot;link&quot;,&quot;yLinkElementType&quot;:&quot;article_link&quot;}\" href=\"https:\/\/foxnews.com\/category\/shows\/your-world\/transcript\/interviews\" rel=\"noopener noreferrer nofollow\" target=\"_blank\">His interview comes<\/a> as <a data-ylk=\"slk:national Democrats debate;elm:context_link;itc:0;sec:content-canvas;\" data-yga=\"{&quot;yLinkElement&quot;:&quot;link&quot;,&quot;yLinkElementType&quot;:&quot;article_link&quot;}\" href=\"https:\/\/foxnews.com\/politics\/elissa-slotkin-democratic-party-new-leadership\" rel=\"noopener noreferrer nofollow\" target=\"_blank\">national Democrats debate<\/a> the party&#8217;s future direction ahead of the 2028 presidential election. Mamdani argued that the victories of democratic socialist candidates signal that voters are embracing his vision for the party.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">&#8220;For too long, it has felt like our party, the Democratic Party, the only answer we have is to say that we are not the Republican Party,&#8221; Mamdani said. &#8220;But we also have to have a vision of what comes after this administration.&#8221;<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\"><em>Original article source:<\/em> <a data-ylk=\"slk:Mamdani doubles down on democratic socialism while insisting Wall Street, business leaders can work with him;elm:context_link;itc:0;sec:content-canvas;\" data-yga=\"{&quot;yLinkElement&quot;:&quot;link&quot;,&quot;yLinkElementType&quot;:&quot;article_link&quot;}\" href=\"https:\/\/www.foxnews.com\/politics\/mamdani-doubles-down-democratic-socialism-insisting-wall-street-business-leaders-work-him\" rel=\"noopener noreferrer nofollow\" target=\"_blank\">Mamdani doubles down on democratic socialism while insisting Wall Street, business leaders can work with him<\/a><\/p>\n<\/div>\n<script async=\"async\" data-cfasync=\"false\" src=\"https:\/\/pl30214220.effectivecpmnetwork.com\/9ab3d4df8a7e1a6171e16ddbf732cc19\/invoke.js\"><\/script>\r\n<div id=\"container-9ab3d4df8a7e1a6171e16ddbf732cc19\"><\/div>\r\n\n","protected":false},"excerpt":{"rendered":"<p>New York City Democratic Mayor Zohran Mamdani is embracing his identity as a Democratic Socialist, arguing the movement represents a return to the Democratic Party&#8217;s New Deal roots even as he insists Wall Street and corporate leaders have nothing to fear from his administration. In a wide-ranging interview with The New York Times, Mamdani rejected&#8230;<\/p>\n","protected":false},"author":1,"featured_media":10505,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s.yimg.com\/lo\/mysterio\/api\/9a792dec3c706c03f82a284c4a3a00c8efc58e8aa89e056f328119fced26cd04\/lightyear_networkapi\/resizefill_w1200;quality_80;format_webp\/https:%2F%2Fmedia.zenfs.com%2Fen%2Ffox_news_text_979%2F2be1485bbf9f14f3a225e89171a9eb4b","fifu_image_alt":"","footnotes":""},"categories":[18],"tags":[],"class_list":["post-10504","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-trending-viral-news"],"brizy_media":[],"_links":{"self":[{"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/posts\/10504","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10504"}],"version-history":[{"count":0,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/posts\/10504\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/media\/10505"}],"wp:attachment":[{"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}