New York City's controversial 'Pied-A-Terre' tax seems unlikely to pass in the state legislature. robtfrank takes a look at a new proposal to increase the 'transfer tax.'
CNBC's Robert Frank reports on the controversial "Pied-A-Terre" tax proposal, which is now in jeopardy. The policy that would impose a tax on multi-million dollar second-homes in New York City may be headed to the scrap heap.
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