President Trump Threatens to Take Federal Action to Stop Mamdani’s Pied-à-Terre Tax

President Trump on Tuesday threatened to take federal action to stop Mamdani’s new pied-à-terre tax, which hits New Yorkers who own a valuable second home.

Last month, Mamdani implemented a so-called luxury property tax on second homes valued at $5 million or more. The property tax also affected certain co-ops valued over $1 million.

Mamdani doxxed the homeowners after his Department of Finance p...