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Eric Adams Proposes Tax Cut for More Than 500,000 New Yorkers

By The New York Times   |   1 year ago
Eric Adams Proposes Tax Cut for More Than 500,000 New Yorkers

Mayor Eric Adams announced a plan to eliminate New York City income taxes for over 400,000 low-wage earners, saving them an average of $350. The proposal aims to address affordability concerns and would be funded through alternative revenue sources. The plan faces approval by the State Legislature.

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