NEW YORK (AP) — For months, Gov. Kathy Hochul has resisted calls to increase taxes on the wealthy, beating back progressives who have hounded her from Manhattan to Puerto Rico bellowing chants of “tax the rich.”
Now she is pitching a compromise.
The moderate Democrat says she will push to create a new tax on multimillion-dollar second homes in New York City known as pied-à-terres, attempting to appease Mayor Zohran Mamdani and his supporters while also tending to her concerns about destabilizing the state’s finances…