NYC’s Second-Home Tax Unites Mamdani, Hochul
Bloomberg's Nacha Cattan joins Katie Greifeld on "Bloomberg Real Yield." Governor Kathy Hochul and New York City Mayor Zohran Mamdani have finally found a tax that they agree on.
Getting everyone else on board stands to be more complicated.
Mamdani has been an eager proponent of taxing wealthier New Yorkers to close a projected $5.4 billion two-year gap in the city’s budget and to fund a slew of social programs. (Source: Bloomberg)
Mamdani's Pied-à-Terre Tax Proposal
- President's Trump Tower penthouse could be subject to new NYC tax USA Today —
- Opinion | A New York Tax on Out-of-Towners Wall Street Journal —
- Contours of NYC’s Pied-à-Terre Tax Begin to Take Shape The New York Times —
- NYC grocers lobby Council Speaker Julie Menin to fight Mayor Mamdani’s controversial grocery-store plan NY Post —
- Mamdani wants to ‘eat the rich’? Then who will be left to feed the city’s ginormous budget? NY Post —