Trump says NYC pied-à-terre tax 'must be stopped,' eyes federal block

(COMBO) This combination of pictures created on November 19, 2025 shows Democratic candidate for Mayor of New York City Zohran Mamdani on October 19, 2025 in New York City and US President Donald Trump in Washington, DC, October 24, 2025.Angela Weiss, Saul Loeb | Afp | Getty ImagesPresident Donald Trump on Tuesday decried New York City's pied-à-terre tax and said he is exploring whether the federal government "has any legal right to avert this disaster, before it is too late."The tax on nonprimary residences of wealthy owners "doesn't work in America, and must be stopped, NOW!" Trump wrote in a Truth Social post.Trump's vow to seek federal intervention against the tax, which was pushed by Mayor Zohran Mamdani and passed by the New York State legislature in late May, came one day after a Staten Island judge temporarily blocked the new policy.New York City government quickly filed a motion to seek an appeal of that order, placing the judge's order on hold.Mamdani's office did not respond to CNBC's request for comment on Trump's threat to challenge the pied-à-terre tax. Asked about the ongoing lawsuit, the mayor's office referred CNBC to Mamdani's assurance at a Monday press conferenc...