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The Independent UK

National

Anthony Izaguirre

New York governor pitches a new tax on pricey pied-à-terres

Kathy Hochul New York Zohran Mamdani Bruce Blakeman Manhattan San Juan

NYC Second Home Tax - (Copyright 2026 The Associated Press. All rights reserved.)

For months, New York Gov. Kathy Hochul has resisted calls to increase taxes on the wealthy, beating back progressives who have hounded her from Manhattan to Puerto Rico bellowing chants of “tax the rich.”

Now she is pitching a compromise.

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