This Week in Politics: A compromise on taxing the rich in New York

WNYC News | Apr 18

As a battle over the state budget continues in Albany and New York City works to close a $5 billion budget gap, we saw some signs of progress this week.

For months, it seemed like Mayor Mamdani and Governor Hochul were hopelessly at odds over taxing the rich. He wants it. She doesn't. But a compromise has emerged. The governor announced a proposal to impose a new tax on second homes in New York City valued at $5 million dollars and above.

WNYC's Elizabeth Kim joins Weekend Edition host David Furst to discuss the latest on the plan and the evolving relationship between Hochul and Mamdani.

 

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