Trump says Mamdani’s pied-à-terre tax for million dollar homes a ‘dangerous political experiment’
Summary
President Donald Trump criticized New York City Mayor Zohran Mamdani’s plan to tax second homes valued over $5 million, calling it a risky political move. His statement followed a judge’s decision to pause the start of this tax.Key Facts
- New York City Mayor Zohran Mamdani proposed a tax on second homes worth more than $5 million.
- This tax is called a “pied-à-terre” tax, targeting expensive properties not used as main residences.
- President Trump described the tax plan as a “dangerous political experiment.”
- The criticism was posted on President Trump’s social media platform, Truth Social.
- A judge from Staten Island stopped the tax from being implemented temporarily.
- The judge’s ruling came soon after the tax proposal was announced.
- The tax aims to raise revenue by charging owners of high-value second homes.
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