Warren Endorses Zohran Mamdani for NYC Mayor, Defends Wealth-Tax Plan

Senator Elizabeth Warren publicly endorsed New York Assemblymember Zohran Mamdani in the 2025 New York City mayoral race during an interview on CNBC. Warren said Mamdani “won by addressing affordability,” arguing that the candidate’s platform focuses on lowering living costs for working families. Pressed by host David Faber on whether higher taxes would fund Mamdani’s proposals, Warren countered that taxing the wealthy would not leave billionaires “hungry,” and criticized former President Donald Trump for failing to curb rising prices while pursuing legislation she says would cut health-care coverage. Critics such as investor Peter Schiff responded that government intervention raises rather than reduces costs, warning that higher taxes could discourage investment and job creation. The exchange underscores the ideological divide that is shaping the city’s mayoral contest over how to tackle housing, health-care and other cost-of-living pressures.