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Revenue Projections
Expected annual revenue from the proposed luxury second-home tax
Primary Sources
Trump Says Mamdani 'Destroying' NY as Mayor Vows Tax Hikes
President Donald Trump assailed New York City Mayor Zohran Mamdani, warning that his push to ramp up taxes on the wealthy would be destructive to the nation's largest city.
'Destroying New York': Trump slams Zohran Mamdani's plan to hike taxes ...
By Skylar Woodhouse President Donald Trump assailed New York City Mayor Zohran Mamdani, warning that his push to ramp up taxes on the wealthy would be destructive to the nation’s largest city. “Sadly, Mayor Mamdani is DESTROYING New York! It has no chance! The United States of America should not contribute to its failure. It will only get WORSE,” Trump said in a social media post Thursday. “The TAX, TAX, TAX Policies are SO WRONG. People are fleeing. They must change their ways, AND FAST. History has proven, THIS ‘STUFF’ JUST DOESN’T WORK.” Mamdani, who was elected on a staunchly progressive platform, is an advocate of taxing the wealthiest New Yorkers to help fund more social programmes and close a projected gap in the city’s budget. The mayor marked the tax filing deadline Wednesday with a video post that said: “Happy Tax Day, New York. We’re taxing the rich.” Trump at an event in Las Vegas later Thursday added that “I mean, he’s a nice guy. Calls me all the time, says ‘hi,’ but his policies are not good. He’s chasing people out and causing a lot of harm to everybody, and everybody’s taxes are going through the roof.” While some of Mamdani’s proposals for taxing wealthy residents of the nation’s financial capital have drawn pushback from New York Governor Kathy Hochul, she recently proposed a surcharge on owners of second homes in New York City worth more than $5 million that has the mayor’s support. Trump, a native New Yorker, repeatedly attacked Mamdani as a “communist” during the mayoral race, urging voters to reject his candidacy and threatening to pull federal funds if he won. But he hosted Mamdani at the White House shortly after his election victory with the two expressing a willingness to work together. They met again in February, a meeting Mamdani called “productive.”
Trump Slams NYC Mayor Mamdani Over New 'Pied-à-Terre' Tax - NYC Today
› · The ongoing feud between ... Today · President Donald Trump has lashed out at New York City Mayor Zohran Mamdani over the mayor's newly announced 'pied-à-terre' tax, a surcharge on high-end second homes in the city...
‘He's destroying New York': Trump bashes Mamdani over proposed tax on ultrarich
President Donald Trump and New York City Mayor Zohran Mamdani have appeared quite cordial since their meeting on housing at the White House last month. Then came this week's tax news. On ...
