New York Governor Proposing Tax on Second Homes Worth $5 Million or More

it could generate substantial revenue—around $500 million annually—without:

• Raising taxes on middle-class residents
• Increasing corporate tax burdens
• Risking large-scale business relocation

In theory, it’s a high-impact, low-disruption solution.

That’s a rare combination in public finance.

The Critics: Economic Fallout and Unintended Consequences

Not everyone continue reading …