New York Mayor Angers Billionaires with Tax Hikes and Rent Freeze

The socialist mayor of New York City has angered billionaires by raising their taxes and freezing protected rents in an effort to ease the burden on low-income tenants, though some experts warn of potential adverse effects.

18 May, 08:50 — 18 May, 08:50

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EL PAISMostly Factual107d ago

Mamdani angers New York billionaires by raising their taxes and freezing protected rents

The socialist mayor of the US financial capital is trying to ease the burden on low‑income tenants whose housing costs have soared in recent years, but some experts warn of potential adverse effects

By Luis Doncel

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New York Mayor Angers Billionaires with Tax Hikes and Rent Freeze

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Mamdani angers New York billionaires by raising their taxes and freezing protected rents

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