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Hochul suggests a tax on luxury second homes in NYC valued over $5 million.

Hochul suggests a tax on luxury second homes in NYC valued over $5 million.

New York City Proposes Tax on Luxury Second Homes Mayor Zoran Mamdani of New York City has expressed support for a new tax targeting luxury second homes owned by extremely wealthy individuals, projecting that it could raise at least $500 million annually. Governor Cathy Hochul had previously introduced this tax, known as the pied-à-terre tax, […]

Hochul suggests taxing second homes in NYC valued at over $5 million.

Hochul suggests taxing second homes in NYC valued at over $5 million.

New York’s Proposed Tax on Second Homes Governor Kathy Hochul is considering a new tax aimed at high-end property owners in New York City. This proposal would target those who own second homes valued at over $5 million—essentially focusing on the wealthiest residents. Hochul stated, “If you can afford a multimillion-dollar second home in New […]

Leading NY Democrat dismisses delayed state budget as standard practice under Hochul

Leading NY Democrat dismisses delayed state budget as standard practice under Hochul

ALBANY – No Rush Here In what’s becoming a familiar routine under Governor Kathy Hochul, a leading New York Democrat on Tuesday dismissed concerns over the state’s budget, which is nearing expiration. Apparently, this delay has become “built into people’s expectations.” State Senator Michael Gianaris, who holds the position of No. 2 Senate Democrat, shared […]

Federal prosecutors looking into NYC Council member and Hochul aide for accepting bribes to assist migrant shelter operator

Federal prosecutors looking into NYC Council member and Hochul aide for accepting bribes to assist migrant shelter operator

A Brooklyn City Council member, along with her sister—who works for Governor Kathy Hochul—and her husband, a Democratic state lawmaker, are being investigated by federal prosecutors for alleged bribery. This involves supporting an immigrant shelter provider that has secured $200 million in city contracts. City Councilmember Farrah Lewis and Hochul’s sister, Debbie Lewis, who previously […]

Mamdani misses Bernie Sanders’ Bronx rally focused on taxing the wealthy as conflicts over progressive legislation rise with Gov. Hochul.

Mamdani misses Bernie Sanders' Bronx rally focused on taxing the wealthy as conflicts over progressive legislation rise with Gov. Hochul.

Large Turnout for “Tax the Rich” Rally in the Bronx A substantial number of left-leaning supporters gathered for a “Tax the Rich” rally featuring Senator Bernie Sanders in the Bronx on Sunday. Interestingly, Mayor Zoran Mamdani didn’t participate, as he navigates a complex relationship with Governor Hochul regarding tax policies. Over 1,000 attendees filled the […]

Steve Forbes: Hochul asks the wealthy to come back after years of discouraging achievement

US AI regulations should prioritize prevention for national security.

Hochul’s Appeal Reflects New York’s Challenges Governor Kathy Hochul’s recent request for wealthy individuals to return to New York reveals a deeper issue. When leaders essentially say, “We need your financial support,” it signals more a weakness than strength, exposing flaws within the state’s economic model. Her plea feels somewhat absurd, almost like a comedic […]