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Mamdani, Hochul push unprecedented new tax

New York Governor Kathy Hochul proposes a pied-à-terre tax on luxury second homes in NYC valued at $5 million or more, with support from Mayor Zohran Mamdani. Former Miami mayor Francis Suarez reacts to the proposal on 'America Reports.'

New York Governor Kathy Hochul, alongside Mayor Zohran Mamdani, proposes a new pied-à-terre tax on luxury second homes in NYC valued at $5 million or more. Former Miami mayor Francis Suarez criticizes the plan, arguing it's 'absolutely backwards' and will lead to capital flight and budget holes, ultimately harming everyday New Yorkers.