Business community opinion

New PAC Forms to Oppose Mamdani’s NYC Mayoral Bid Amidst Business Community Opposition

A new political action committee, OneNYC, has been formed to support Democratic mayoral nominee Zohran Mamdani, with Yasser Salem of Hira Ventures serving as chairman. This PAC emerges as the business and finance community mobilizes against Mamdani, who has proposed tax increases that have raised concerns. Simultaneously, a rival PAC, New Yorkers for a Better Future Mayor 25, has been launched with the goal of defeating Mamdani, potentially raising $20 million, while another group, New Yorkers for Lower Costs, continues to support Mamdani. These developments highlight the financial battle shaping up around the mayoral race, with various groups vying to influence the outcome.

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CEO Disapproval of Trump Tariffs Reaches Nearly 70%

Nearly 70 percent of CEOs disapprove of Trump’s tariffs, according to a recent survey. This significant level of disapproval from a group that often benefits from protectionist policies suggests a widespread concern about the economic consequences of these measures. The sheer magnitude of the opposition is striking, indicating a potential major economic challenge for the administration.

The high percentage of disapproval points towards a serious issue within the business community regarding the impact of the tariffs. It suggests that the economic consequences, despite potential short-term gains for some sectors, are overwhelmingly viewed as negative by a significant majority of corporate leadership.… Continue reading