proposed
New York City’s new mayor, Zohran Mamdani, is making good on his campaign promise of taxing the rich. Loading audio narration… On Thursday, Mamdani and New York Governor Kathy Hochul jointly announced a new tax proposal aimed at wealthy people who own second homes in the city.The proposed pied-à-terre tax…
A New York City tax proposal targeting ultrawealthy homeowners is drawing fierce backlash from business and financial figures. Loading audio narration… “NYC is cooked,” wrote Austin-based entrepreneur Jason Calacanis in a post on X, capturing a wave of alarm among investors, executives, and conservative commentators after Gov. Kathy Hochul and…
