Elected in 2022, Adams made his mark in office by mitigating rising prices with affordability announcements, including a 2024 proposal to lift income taxes for low-income New Yorkers. This administration has put $30 billion back into the pockets of working-class people, the mayor told amNewYork. On July 10, Adams also announced an additional $80 million for expanded child care, another costly but essential service that hurts many low-income families in the city.