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NYC Mayor Mamdani Unveils 'Tax the Rich' Plan on Second Homes

April 16, 2026·1 day ago·via Fox News Politics
NYC Mayor Mamdani Unveils 'Tax the Rich' Plan on Second Homes
On Tax Day, New York City Mayor Mamdani announces the first-ever "Tax the Rich" plan, slapping a new $500 million-a-year tax on luxury second homes owned by the wealthy. This commie-style scheme targets "rich" homeowners, as Democrats cheer while ignoring how it punishes success and drives investment out of the city. Mamdani touts it as soaking the elite, but it's classic big-government overreach that hikes costs for everyone eventually through fleeing businesses and jobs. Read more about this...

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