“Gov. Kathy Hochul has thrown New York City Mayor Zohran Mamdani a lifeline on his plan to raise taxes on the wealthy, with a proposal to tax luxury second homes that raises revenues without targeting the city’s top earners,” the Wall Street Journal reports.“Hochul this week unveiled a plan for a pied-à-terre tax on second homes in New York City valued at $5 million or more, which is gaining momentum as a way to plug the city’s budget deficit.”