Trump cautions NYC wealth flight over Hochul, Mamdani tax

A judge has temporarily blocked New York City's pied-à-terre tax after homeowners filed a lawsuit challenging its implementation. The tax targets high-value second homes and has faced criticism from Mayor Mamdani and President Trump, who argues it could lead to wealthy residents leaving the city. Trump is also exploring potential federal legal action, while the legal fight over the tax's rollout continues.

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