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Wealth Tax

Hochul and Mamdani Propose Tax on Luxury Second Homes to Help Close NYC Budget Gap

State lawmakers must now decide the fate of the surcharge during budget talks in Albany.

Mamdani Defends Luxury Home Surtax After Trump Attack

Hochul and Mamdani Propose NYC Surcharge on $5 Million Second Homes

New York Legislature Backs Higher Taxes for NYC in One-House Budgets, Setting Up Clash With Hochul

Backlash Grows to Mamdani’s $127 Billion NYC Budget and 9.5% Property‑Tax Threat

Mamdani Presses Tax Hikes to Close NYC’s $12B Gap, Warns of Cuts if Albany Won’t Help

Hochul Unveils $260 Billion Budget Without Income-Tax Hike

Newsom Escalates Fight Against California’s Proposed Billionaire Wealth Tax

Protests and Socialist Ultimatum Put France’s 2% Ultra‑Wealth Tax at the Heart of Budget Fight