About this episode
The episode discusses the proposed pied-à-terre tax by New York City Mayor Zohran Mamdani and Governor Kathy Hochul aimed at addressing the city's budget shortfall.
On Wednesday, April 15, New York City Mayor Zohran Mamdani (D) and New York Gov. Kathy Hochul (D) proposed a pied-à-terre tax, an annual surcharge on New York City residences valued above $5 million owned by those who primarily live outside the city. Mamdani and Hochul claim the measure would raise $500 million in annual revenue to help address the city’s budget shortfall; if enacted, it would be the first pied-à-terre tax in New York’s history. Get more from Tangle! We try to make opening every newsletter exciting, and today we’re adding a little extra excitement with a special membership offer: A 25-hour window to get 25% off our yearly subscription bundle . We’re calling it our “25 for 25” sale. That’s ad-free newsletters, ad-free podcasts, and every single piece of members-only content we’ve ever published in the past and will publish in the future — Friday editions, Sunday editions, special interviews, podcasts, transcripts, Press Pass, and more. You unlock everything , all for just $6.25/month for the first year. But it all expires at 1 PM ET tomorrow. Grab it here . You can read today's podcast here , and today’s “Have a nice day” story…
People in this episode
Hosts: Isaac Saul, Ari Weitzman
Topics covered
- tax policy
- New York City
- budget shortfall
- pied-à-terre tax
- politics
- government revenue
Keywords
- pied-à-terre tax
- New York City
- Zohran Mamdani
- Kathy Hochul
- budget shortfall
- tax the rich
- real estate tax
Mentioned in this episode
Organizations: Tangle
Places: New York City, New York
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