President Trump just sent a direct warning to New York City — and it’s about money.
President Trump on Wednesday evening signaled he’s willing to hit New York City right in the wallet if its newly elected mayor pushes ahead with a sweeping new tax on the wealthy. The warning landed on Truth Social and came in response to a plan the mayor unveiled alongside Governor Kathy Hochul this week — a proposal that would roughly double the property tax on New York’s most expensive second homes.
The so-called “pied-à-terre” tax would apply to second homes in the city valued at $5 million or more, with the mayor’s team estimating it could generate as much as $500 million in annual revenue. Roughly 13,000 properties would be affected — many of them owned by out-of-state buyers, foreign investors, and the Wall Street class that has made Manhattan a top destination for the ultra-wealthy for decades.
In his Truth Social post,
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