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Red Eye Radio

05-15-26 Part One - Flooding The Market

Red Eye Radio

Cumulus Podcast Network

News, News Commentary, Daily News, Government

4.51.1K Ratings

🗓️ 15 May 2026

⏱️ 75 minutes

🧾️ Download transcript

Summary

In part one of Red Eye Radio with Gary McNamara and Eric Harley, the trigger point for a controversial new tax on luxury second homes in New York City could be lowered from $5 million to $1 million of a property’s assessed value — potentially squeezing even more homeowners. Gov. Kathy Hochul’s office finally spilled details on her and Mayor Zohran Mamdani’s envisioned pied-à-terre tax Thursday, revealing a convoluted two-phase plan that could ultimately lead to drastic changes to the city’s unloved property tax system. Also House Judiciary Committee Chairman Jim Jordan tussled with high-profile Soros-backed Fairfax Commonwealth’s Attorney Stephen Descano over soft-on-crime policies that critics said let illegal immigrant criminals back on the street, audio from Sean Hannity interviewing the President China purchasing U.S. farm land, Trump faces a decision about Iran as he returns from China, and a state by state look at the comfortable cost of living for retirees. For more talk on the issues that matter to you, listen on radio stations across America Monday-Friday 12am-5am CT (1am-6am ET and 10pm-3am PT), download the RED EYE RADIO SHOW app, asking your smart speaker, or listening at RedEyeRadioShow.com. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

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com.uk slash podcast to learn more.

0:27.7

Now it's Red Eye Radio, Gary McNamara and Eric Hurley talk about everything from politics to social issues and news of the day.

0:42.0

Whether you're up late or you're just starting your day, welcome to the show.

0:46.3

From the Relief Factor Studios, this is Red Eye Radio.

0:51.5

All across America, we are Red Eye Radio.

0:54.2

He is Eric Carly and I'm Gary McNamara.

0:56.2

Hello.

0:57.1

Hey, well, this came out last done.

0:58.6

I was looking at the New York Post, and you and I were just chatting about it briefly

1:02.2

here in our pre-show meeting.

1:04.5

And it's the entire thing in New York City with taxing second homes worth over, you know,

1:14.9

five million or over.

1:16.4

Right.

1:16.8

Second homes.

1:18.6

And the amount of people that might leave because of it, or excuse me, the amount of money

1:24.7

that may leave because of it.

1:28.1

Now you got Democrats in the state legislature up in arms.

...

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