NYC Mayor Pushes to Cut Personal Income Tax for Low-Income New Yorkers

"Extreme costs are driving many working-class families out of cities like New York, and while, for too many decades, across too many administrations, we let these problems languish, our administration said enough is enough… this money will help more families cover rent, pay for prescriptions and pick up groceries."

"The proposal builds on the administration's continued efforts to help put money back into the pockets of working-class New Yorkers, delivering more than $345 million in tax relief to New Yorkers over the 2023 tax season."

"When combined, both Axe the Tax for the Working Class and the new, enhanced NYC EITC would put more than a collective $408 million back into the pockets of two million city residents and effectively eliminate New York City income taxes for a family of four making less than $46,350."

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