Mayor Adams to increase tax credits for working New Yorkers

Mayor Eric Adams has disclosed plans to bring his vision to life for a better social safety net.

This, he plans to achieve by increasing tax credits for New Yorkers.

He said 840,000 working city residents, “are allowed to get this benefit to put money in their pockets. It helps with food, it helps with bills, it helps with rent. It just helps, period.”

“We’re hoping we can have the tax incentives that will allow for the expansion of child care,” he continued.

The mayor said an earned income tax credit and investments in child care should be part of the 2023 budget proposals.

He’s also calling on lawmakers in Albany to match the $250 million investment in the state budget as well.