'NYC is cooked': Business leaders and Wall Streeters erupt over proposed luxury second-home tax - Business Insider
Quick Insights
The Bottom Line
New York City business leaders oppose a proposed luxury second-home tax.
How This Affects You
If you own a high-value secondary residence in New York City, you could face new taxes aimed at generating city revenue.
AI Summary
Business leaders and Wall Streeters are expressing strong opposition to a proposed luxury second-home tax in New York City. This tax targets high-value secondary residences, aiming to generate revenue for the city. The reaction from these influential groups is severe, with some claiming the policy could negatively impact New York City's economic standing and appeal. This opposition suggests concerns that the tax could deter investment or encourage wealthy residents to leave the city. The proposed tax has clearly ignited significant debate among the city's financial and business communities.
Following this story?
Get notified when new coverage appears
This article is part of a story we're tracking:
Should this be getting more attention?
You Might Have Missed
Related stories from different sources and perspectives
FinancePenthouse pieds-à-terre: Bezos, Trump, and other billionaires facing Mamdani's proposed tax - Business Insider
PoliticsTrump’s latest border wall plans to slice through Big Bend national park: ‘Our lives are being upended’
<p>The rural Texas region, long spared, is being fast-tracked for the border wall amid bipartisan opposition</p><p>Tractors suddenly appeared at the entrance to Chispa Road near the <a href="https://www.theguardian.com/us-news/us-mexico-border">US-Mexico border</a> in rural Big Bend, Texas, in late March. Contractors informed Yolanda Alvarado, a cattle rancher, that they were starting work to upgrade the rough county dirt road there into a “highway” – the first step needed for semi trucks to haul the 30-foot steel pillars used to build Donald Trump’s <a href="https://www.theguardian.com/us-news/2025/may/18/trump-border-wall-wildlife">border barrier</a>.</p><p>“That fence line, that’s where the wall is going to be,” said Alvarado, hopping out of the front seat of her flatbed truck at the gate to the family property located directly along the path of the proposed wall.</p> <a href="https://www.theguardian.com/us-news/2026/apr/21/trump-border-wall-big-bend-texas">Continue reading...</a>
FinanceWall St Week Ahead Surging record-high US stocks to wade deeper into earnings season - Reuters
<a href="https://news.google.com/rss/articles/CBMiuwFBVV95cUxPaWJmWUFPa2lnWnJCby1JSlA3dU1XVE9YeVpJMTJOSzlzXzI2ZnJqZkREdFlHMENwcldMZFRZaFRkSVlJMm1YdnY4a1ZHN21XRk9kZzFiQW5oYzRxMlJWTHlUNHcxVDR5Ml9UODlxdzNlSDlHVEE3eWR0eFNFOW1YcnI0NzVDZUhjSTdEOHNvWnpLTmJQNTZJZXgwc3RvOWJ4OE94V1N0NnlTV2xpZXFpTHpyUExlX195S19R?oc=5" target="_blank">Wall St Week Ahead Surging record-high US stocks to wade deeper into earnings season</a> <font color="#6f6f6f">Reuters</font>
FinanceWorld shares mostly higher after Wall Street hits record and oil rises - AP News
<a href="https://news.google.com/rss/articles/CBMilwFBVV95cUxPX296UDBvTWgzLUJsUUcwQVU3V1NHd1R6d0p2Ukx6cEpIeHhpYjVDVHQ4LXVVa2MzYk1XWHVtaFUtQy1ad3U0RnJqVkRVLWJ3OUI1Sm5ya25kaWJsRENZNU5oU1U1TVlYd3MxLUdxdHVHd2V2TVNrd201RzdiVTVPM0xydWIwZU1oNk1fRXlLa2UwRTJXcFA0?oc=5" target="_blank">Asian stocks mostly higher after Wall Street hits record and oil rises</a> <font color="#6f6f6f">AP News</font>
PoliticsTracking the Trump family's business deals and profits in his 2nd term
In his second administration, President Trump's family, including his son-in-law Jared Kushner, and sons Eric and Don Jr., are expanding their business ventures, earning hundreds of millions of dollars and prompting fresh concerns about influence peddling and conflicts of interest. Liz Landers reports.
PoliticsLeadership shakeups at ICE, CDC and FEMA as White House readies for midterms
From the Department of Homeland Security to the U.S. Centers for Disease Control and Prevention, there's been a bit of a leadership shakeup within the Trump administration. Longtime political reporter and author Molly Ball joins "The Takeout" with analysis.

A $440,000 Breast Reduction: How Doctors Cashed In on the No Surprises Act and Arbitration
A law meant to end surprise medical billing accidentally created a multibillion-dollar industry that is making doctors richer.
Did this story change how you see things?
Stories like this only matter when people see them. Help us get verified journalism in front of more eyes.
The Verity Ledger curates verified investigative journalism from trusted sources only.
See our sourcesMost Read This Week
Report: Merck’s blockbuster cancer drug topped $200,000 a year under Trump

One in three Americans forced to make financial sacrifices for health coverage

Airline mega-merger story is all about Trump

Pope blasts ‘tyrants’ ravaging the Earth during his visit to Cameroon - AP News

Justice Jackson chides Supreme Court conservatives over 'oblivious' pro-Trump emergency orders - AP News


