Trump Lacks Legal Power to Stop NYC Second Home Tax Rollout (1)

Trump warned he lacks the power to block NYC tax he’ll be forced to pay

After New York City announced a plan to levy a tax on high-value second homes, President Donald Trump – who will likely have to pay the tax – declared not only that he was against it, but that he would do whatever he could to block it. According to reporting from Bloomberg Law, however, he lacks the “unilateral power” to do so.The matter dates back to April, when New York Gov. Kathy Hochul (D) pushed to include a tax on non-primary residencies -…

Trump takes on NYC mayor’s bad tax idea

Catherine Salgado writes for PJMedia.com about the latest clash between the president and the mayor of his former home city. The late, great Margaret Thatcher once observed, “The trouble with socialism is that you eventually run out of other people’s money.” That is what New York City Democrats are going to do if they persist...

Trump Lacks Legal Power to Stop NYC Second Home Tax Rollout (1)

President Donald Trump is unlikely to block the rollout of New York City’s pied-à-terre tax because the federal government is limited in its ability to intervene on state tax issues, tax attorneys said.