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Hochul teases new taxes to fund Mamdani’s free childcare plan — as DSA continues pressure to ‘tax the rich’

hochul-teases-new-taxes-to-fund-mamdani’s-free-childcare-plan-—-as-dsa-continues-pressure-to-‘tax-the-rich’
Hochul teases new taxes to fund Mamdani’s free childcare plan — as DSA continues pressure to ‘tax the rich’

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Gov. Kathy Hochul teased new taxes to fund Mayor Zohran Mamdani’s universal childcare program Friday — as she faces rising pressure from his lefty allies to hike levies in the wake of Democrats’ midterm domination.

“When we have a severe need for something extraordinary, I am willing to do what has to happen,” Hochul — fresh off her re-election win — told reporters from the Somos political conference in Puerto Rico.

“I think you’ll see a thoughtful approach to this, it is not ideological, it’s pragmatic and what we need to do is deliver for the people to put us in office,” she continued — just moments after Mamdani, who stood grinning at her side — said he still stood firm in his “tax the rich” beliefs.

Gov. Kathy Hochul standing at a podium with a man holding a folder next to her.
Gov. Kathy Hochul proposes new taxes to fund a free childcare plan as the DSA pushes to tax the rich. Craig McCarthy for NY Post

“I’ve always been clear about where I stand, I continue to hold those positions, and I’m also looking forward to continuing a productive working relationship with our governor to deliver for working people,” the mustachioed mayor said when asked about raising taxes on the wealthy.

Gov. Kathy Hochul, who campaigned on no new taxes, tells reporters that she is open to new taxes “if there is a need.”

She also said a key area is universal childcare and a “path forward” will be announced at the State of the State.

She did not comment to cutting spending. pic.twitter.com/tAFRRZo11Y

— Craig McCarthy (@createcraig) November 6, 2026

The political odd couple formed an alliance on the campaign trail that proved fruitful for Hochul, a moderate Democrat who cruised to a crushing 20-point victory over Republican challenger Bruce Blakeman Tuesday.

But Hochul continued to dance around the issue of potential new taxes next year — as she did on the campaign trail as Mamdani and his Democratic Socialists of America cronies called for hikes.

“We’ll be announcing our path forward,” she said. “Stay tuned for the state of the state, 2027.”

An attendee holds a
An attendee holds a “Childcare for All” sign during a rally in the Queens borough of New York on Sunday, April 12, 2026. Bloomberg via Getty Images

Reporters specifically asked Hochul about continued state cash for the city’s universal childcare program, which is budgeted until 2028 — asking how she would ensure it remains funded beyond that.

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She suggested she was open to adding taxes to fill the gap so Mamdani’s program could be sustained “for generations to come.”

“I want to make sure that we have a path forward that is sustainable. We fully fund childcare, and this is how we work to provide for generations to come,” Hochul said.

When asked for further specifics, she demurred, saying, “there’s no answers on it yet,” but hinting they may be coming soon.

This is a developing story. Please check back for updates.

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