Proposed 'Pied-à-Terre' Tax in NYC Could Impact Many Homeowners

A proposed 'pied-à-terre' tax, championed by socialist Mamdani, is criticized for potentially affecting nearly 1 million New York City homeowners and causing condo prices to crash, rather than solely targeting billionaires as intended.

4 Aug, 11:00 — 4 Aug, 11:00

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Fox NewsMixed11d ago

MARK PENN: Socialist Mamdani sold a tax on billionaires. Regulars homeowners could pay the price

The pied-a-terre tax targets far more than billionaires, potentially hitting nearly 1 million New York City homeowners and crashing condo prices.

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Proposed 'Pied-à-Terre' Tax in NYC Could Impact Many Homeowners

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MARK PENN: Socialist Mamdani sold a tax on billionaires. Regulars homeowners could pay the price

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