New York City Mayor Eric Adams' ally, NYC Mayor Eric Mamdani, has found himself at odds with billionaire hedge fund manager Ken Griffin over a contentious tax policy. Griffin's firm, Citadel, has been a vocal critic of the city's pied-a-terre tax, which targets wealthy individuals who own multiple homes in the city. In a surprising turn of events, Mayor Mamdani has publicly promoted the tax policy, calling it a necessary measure to address the city's affordability crisis. Citadel has responded by labeling the move "shameful," highlighting the potential impact on the city's economy and the wealthy individuals who live there.
NYC Mayor Mamdani knocked Ken Griffin in pied-a-terre tax promo. His firm calls the move 'shameful' CNBC
