New York Republican Candidate Slams Mayor's Estate Tax Proposal as 'Disaster' for Immigrant Families

New York: તા.1ન્યૂ Republican candidate for Attorney General of York Saritha Komatireddy has launched a scathing attack on New York City Mayor Zohran Mamdani. The main bone of contention is Mayor Mamdani's new'estate tax'proposal, which Komatireddy has called a'disaster'for immigrant families and hardworking New Yorkers. What is Mamdani's controversial proposal? Mayor Mamdani has come up with a bold but controversial plan to tackle the city's projected $5.4અબજની budget deficit. Under the plan, the estate tax exemption limit, which is now $7 million, is proposed to be reduced to just $7.5લાખ (750,000). Also, the top estate tax rate is advocated to be raised from the current $16 million to $50 million.