Trump rails against NYC pied-à-terre tax, hints at federal intervention

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Source: Politico
TL;DR Summary

President Donald Trump blasted New York City's pied-à-terre tax on second homes over $5 million and suggested the federal government might intervene to stop it, as a Staten Island judge briefly paused the rollout; Mayor Zohran Mamdani defended the plan, Gov. Kathy Hochul backed it as a fair charge to fund city services, and Trump Tower’s penthouse is likely subject to the tax, highlighting a political clash over New York’s wealth taxes.

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