NYC Mayor Adams makes last-minute push to cut taxes for low-income earners as Albany haggles over budget

Mayor Eric Adams introduced an "Axe the Tax" initiative aimed at eliminating the New York City personal income tax for low-income families, specifically those living at or below 150% of the federal poverty line. This proposed tax cut could impact around 429,000 residents, with an average refund of $350 per family. Adams emphasized the overwhelming cost of living in New York City as a pressure point for working-class citizens and called on Governor Kathy Hochul to incorporate his tax relief proposal into the state budget while awaiting necessary approval from Albany.

"If there is one thing New Yorkers can agree on, it's that the cost of living in this city is too damn high, especially for working-class New Yorkers. Rent, food, gas, child care, cable - it adds up, and it's too much."

"I think New Yorkers want money back in their pockets and I think that's all something we can agree on."

Read at New York Post