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NYC Black Homeowners Reject DSA Tax Hike Proposals

3/8/2026

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Story summary
  • Black, middle-class property owners in New York City oppose the Democratic Socialists of America (DSA)'s proposed tax hikes, saying they will disproportionately impact them.
  • The DSA proposes higher taxes for individuals earning over $300,000 and taxes on inheritances above $250,000.
  • Critics, including Councilman Chi Ossé, say the measures unfairly target working-class families, particularly Black homeowners.
  • Former Governor Andrew Cuomo said the proposals would burden those who remain in New York.