President Donald Trump has taken a strong stance against a new tax imposed on luxury real estate properties in New York City. The pied-à-terre tax, which aims to generate revenue for the city's affordable housing programs, has been met with fierce opposition from the real estate industry and some of its high-profile owners. In a recent statement, President Trump, who owns several properties in the city, declared that the tax "must be stopped, NOW!" This move is likely to reignite the debate over the tax's impact on the city's real estate market and the wealthy individuals who own properties in the city. As the city struggles to balance its budget and address the issue of affordability, the fate of this tax remains uncertain.
President Trump says NYC's new pied-à-terre tax "must be stopped, NOW!" cbsnews.com
