No one likes higher taxes. But New York City Mayor Zohran Mamdani’s plan to tax wealthy residents’ second homes has elicited a highly emotional response from two of the city’s richest.

Vornado Realty Trust chairman Steven Roth told investors he thinks the phrase is "just as hateful as some disgusting racial slurs."

No one likes higher taxes. But New York City Mayor Zohran Mamdani’s plan to tax wealthy residents’ second homes has elicited a highly emotional response from two of the city’s…

New York City Mayor Zohran Mamdani stood outside a luxury skyscraper in Manhattan for a video on Tax Day to deliver on his trademark plan: “We’re taxing the rich.”