Mamdani: I Am Happy to Tell You About the ‘Pied-a-Tierre Tax’

TRANSCRIPT:

WELKER: "Will you be able to deliver on your promise of taxing the wealthy to help pay for your programs?"

MAMDANI: "Absolutely. And I’m actually happy to tell you that that pied-à-terre tax, that is an agreement that we have to tax the wealthy. Because again, when we’re talking about a pied-à-terre, this is a home that is owned here in New York City by someone who doesn’t live in New York City. And we’re talking about the valuation of which is the super rich, not just of this country but across the world."