President Donald Trump has joined the chorus of voices decrying the rollout of New York City’s controversial pied-à-terre tax.“This doesn’t work in America, and must be stopped, NOW!” he wrote in a Truth Social post Tuesday morning.His comments came a day after a judge temporarily halted key parts of the tax’s rollout.Justice Wayne M. Ozzi of the state Supreme Court in Staten Island issued the order Monday, three days after three homeowners sued the city, arguing officials had improperly forced New Yorkers to prove that they live in their own homes.The ruling marked a major setback for Zohran Mamdani’s administration, which had promoted the tax as both a source of revenue and a way to address pressures in the city’s beleaguered real estate market.“The super wealthy, who can purchase properties and use them to store their wealth, to benefit from New York City’s real estate market, but not have to pay back into that same city that generates so much of that wealth in the way that they should,” Mamdani said in April announcing the policy.The legal fight, however, is far from over. Hours after Monday’s ruling, the administration filed suit, effectively pausing the pause. Neither Ozzi’s ...
Mamdani’s Pied-à-Terre Tax Comes Under Fire By Trump: This Will ‘Ruin’ NYC
1 month ago
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