Trump Seeks to Stop NYC's Pied-À-Terre Tax
Trump says the federal government is exploring legal options as critics argue the surcharge would raise about $500 million a year.
- On Tuesday, President Donald Trump announced the Federal Government is investigating whether it can legally block New York City's new pied-à-terre tax, calling the surcharge a "disaster."
- Championed by Mayor Zohran Mamdani and Gov. Kathy Hochul, the tax targets second homes valued over $5 million and condos or co-ops over $1 million to generate around $500 million annually.
- A Staten Island judge issued a temporary restraining order on Monday, halting the rollout after homeowners sued, challenging the city's identification of more than 900,000 properties subject to the tax.
- Hofstra University law professor James Sample dismissed Trump's intervention as an "empty threat," noting the federal government lacks authority to dictate local tax policy to New York.
- Gov. Kathy Hochul retorted that Trump should "knock it off" and focus on his own policies, while neither Mamdani's nor her office responded to inquiries about federal legal pathways.
49 Articles
49 Articles
Trump Eyes Federal Block of NYC Second-Home Tax After Judge Halts It
President Trump said he is examining whether the federal government can legally stop New York City Mayor Zohran Mamdani's pied-à-terre tax on second homes, a levy already blocked by a Staten Island judge after the city botched its rollout. Trump posted on Truth Social that he finds it "hard, as President of the United States of America, to sit back and watch" Mamdani's tax policy take effect, calling it "pure Amateur Hour" and warning it will pr…
He knows why Trump questioned the luxury property tax in New York, what Mamdani responded to, and what a judge decided about the bill.
Associated Press News
Everyone wants to 'tax the rich.' In New York City, it's getting complicated
Across the country, calls to “tax the rich” have become potent political slogans that helped propel progressives like Mayor Zohran Mamdani to positions of power.
Trump To Save New York's Rich From Zohran Mamdani, Pied-à-Terrorist
Video screenshot, WPIX on YouTubeSomebody must have reminded Donald Trump Tuesday that he hadn’t sounded like Louis XIV for a few hours, so he posted an angry Truth Social rant against New York City’s planned “pied-à-terre tax” on second homes with market values over $5 million, He also claimed he was “looking into” whether the federal government might be able to put a stop to the law, which was passed by the New York state Legislature in May. T…
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