Mamdani’s rent freeze, tax hikes a ‘one-two wealth destruction punch,’ economists warn

NEWYou can now listen to Fox News articles! New Yorkers could be facing a “one-two wealth destruction punch” if Mayor Zohran Mamdani’s rent freeze and tax hikes take effect, economists warn. Mamdani’s housing plan, a campaign promise aimed at addressing affordability, includes an immediate freeze on roughly 2 million rent-stabilized apartments. Separately, his broader $127 billion … Read more

Wealthy universities, facing steep endowment tax hikes, cut PhDs and libraries

Princeton University President Christopher Eisgruber lobbied members of Congress repeatedly to deter an increase in the endowment tax on colleges and universities. Instead, when the One Big Beautiful Bill Act passed last summer, Princeton became one of a handful of schools whose endowment tax ballooned. Now, President Eisgruber is preparing his institution for change as … Read more