Donald Trump opposes New York City pied-à-terre tax

Donald Trump has expressed opposition to a proposed pied-à-terre tax in New York City, which targets non-primary residences valued at over $1 million. Trump argued on Truth Social that the tax is driving wealthy taxpayers to flee the city for states like Florida and Texas, causing significant loss in tax revenue.

The former president characterized the tax as a dangerous political experiment that could lead to financial and social ruin for the city. He indicated an interest in exploring whether the federal government has legal remedies to stop the policy, which is associated with New York City official Zohran Mamdani.