Zohran Mamdani’s primary win in New York City’s mayoral race and proposal to raise taxes on millionaires have touched off fears of a new wave of wealth flight.

Rep. Ro Khanna (D-Calif.) is endorsing Zohran Mamdani in the New York City mayoral race, giving the Democratic nominee the backing of another high-profile progressive as the left-wing candidate

Mamdani’s trouncing of Cuomo marked the biggest national victory for lefties since Rep. Alexandria Ocasio-Cortez won her first election in an upset over entrenched Democratic Rep. Joe Crowley in 2018, Smith said.