Summarize a news article about the new tax laws in New York City.
The ongoing COVID-19 pandemic has caused a significant economic and financial crisis in New York City, forcing state legislators to consider several changes to the city’s tax laws. One proposed change is to add a tax on second homes in the city worth more than $5 million, known as a “pied-à-terre tax.” Another possible change is to apply a tax surcharge to capital gains from sales of high-end properties, while another idea is to increase income taxes on the wealthy. These measures could all help to defray the costs of the pandemic and provide relief to renters at risk of eviction. Officials argue that, since the city’s wealthiest residents have benefited enormously from the city’s economic success, and since they have the resources to shoulder a greater share of the tax burden, it makes sense to add these taxes.
https://www.nytimes.com/2020/09/21/nyregion/nyc-taxes-eviction-covid-19.html
Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.

### Instruction:
Summarize a news article about the new tax laws in New York City.

### Input:
https://www.nytimes.com/2020/09/21/nyregion/nyc-taxes-eviction-covid-19.html

### Response:
The ongoing COVID-19 pandemic has caused a significant economic and financial crisis in New York City, forcing state legislators to consider several changes to the city’s tax laws. One proposed change is to add a tax on second homes in the city worth more than $5 million, known as a “pied-à-terre tax.” Another possible change is to apply a tax surcharge to capital gains from sales of high-end properties, while another idea is to increase income taxes on the wealthy. These measures could all help to defray the costs of the pandemic and provide relief to renters at risk of eviction. Officials argue that, since the city’s wealthiest residents have benefited enormously from the city’s economic success, and since they have the resources to shoulder a greater share of the tax burden, it makes sense to add these taxes.