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Trump Praises Mamdani but Warns NYC Against Taxing Out the Wealthy

The comments spotlight a luxury second‑home tax that still needs state approval.

Overview

  • Trump, in a Tuesday radio interview, called Mamdani “a nice guy” yet warned that higher taxes could push wealthy residents and major employers out of New York.
  • He defended Citadel’s Ken Griffin and urged city leaders to “cherish” big investors to keep them from leaving.
  • Mamdani is promoting a pied‑à‑terre surcharge on non‑primary homes worth more than $5 million that needs Albany approval and is estimated to raise about $500 million each year.
  • Griffin condemned the mayor’s video filmed outside his $238 million penthouse as “shameful,” and his firm signaled it could reconsider a $6 billion Midtown tower or move more jobs to Miami.
  • City Hall has moved to reassure business leaders, with Deputy Mayor Julie Su meeting executives from the Partnership for New York City, JetBlue, RXR, Blackstone, and others.