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2h ago

Hochul Faces Backlash After Urging Wealthy Ex–New Yorkers to Return

She framed the appeal as a competitiveness issue, citing tax migration and remote work.

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An image collage containing 2 images, Image 1 shows New York Gov. Kathy Hochul speaking at a press conference with "Combating Climate Change Creating Good Jobs" on the podium, Image 2 shows Six of the most radical leftist mayors in the United States – including NYC's own Zohran Mamdani – are forming a transnational super group critics fear will turn The Melting Pot into a hammer and sickle
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Overview

  • Hochul said she needs high‑net‑worth residents to sustain social programs and suggested traveling to Palm Beach to lure former New Yorkers back.
  • She acknowledged that high tax rates and the rise of remote work have made it easier for people and businesses to relocate to lower‑tax states such as Florida and Texas.
  • The governor’s remarks landed during a budget clash as Mayor Zohran Mamdani and allied lawmakers press for higher taxes on top earners and corporations, which she resists.
  • Right‑leaning outlets labeled her comments as begging, and GOP gubernatorial candidate Bruce Blakeman mocked the pitch on Thursday as a tough sell.
  • Hochul’s budget office said a strong Wall Street year, with bonuses up about 25%, has helped patch a previously projected multibillion‑dollar state gap.