Mayor Eric Adams introduced a plan to eliminate New York City income taxes for over 400,000 low-wage earners, aiming to alleviate financial burdens amidst rising costs.
The plan, pending approval, targets those earning 150% of the federal poverty level, potentially benefiting 582,000 residents with an average saving of $350.
Adams emphasized the importance of supporting New Yorkers by stating, 'We can't bring down the cost of bread, but we can give you some bread to pay for the bills.'
Labeling the week as affordability week, Adams is shifting focus towards making living in the city more manageable, especially for the working class.
Collection
[
|
...
]