Trump Floats Federal Action To ‘Avert’ Mamdani’s Pied-A-Terre Tax

Topline

President Donald Trump said he was looking into ways to “avert” the implementation of New York City’s pied-a-terre tax—the taxation connected 2nd homes owned by out-of-state residents that has served arsenic a centerpiece to Mayor Zohran Mamdani’s schedule and proven arguable among immoderate of the city’s wealthiest residents.

In a station connected Truth Social, Trump claimed without offering grounds the taxation is costing New York a “fortune,” while besides claiming, again without offering evidence, the magnitude levied from the taxation would beryllium “very small compared to to [sic] the TAXES PAID by the tens of thousands of group who are fleeing the City, ne'er to return.”

Trump’s connection comes 1 time aft a judge connected Staten Island blocked the caller taxation aft a suit was brought by homeowners—although that bid was stayed conscionable hours later aft the Mamdani management appealed the ruling.

It is unclear what national authority Trump could effort to usage to artifact a section taxation law.

This is simply a breaking communicative and will beryllium updated.