Amid voter concerns over the cost of rent, food and child carepldt777, Mayor Eric Adams announced a plan on Wednesday to eliminate New York City income taxes for more than 400,000 of the lowest wage earners.

Under the proposal, which requires approval by the State Legislature, New Yorkers who earn 150 percent of the federal poverty level, or between roughly $31,000 to $46,000 depending on family size, would have their city income taxes eliminated.

Others who earn slightly more could also have their taxes reduced, bringing to 582,000 the number of people affected by the plan. Households who qualify would save an average of $350, according to city officials.

If the plan is approved, the city would forfeit roughly $63 million a year in tax revenue, but administration officials believe that other revenue such as corporate taxes or cannabis sales taxes would make up for the loss.

“How do we put money back into the pockets of New Yorkers?” Mr. Adams said at a news conference announcing the plan. “We can’t bring down the cost of bread, but we can give you some bread to pay for the bills and the necessities that you have.”

The announcement comes as Mr. Adams, who is under a federal corruption indictment and scheduled to go to trial in April, has focused on affordability as a major plank in his campaign for re-election. The mayor has labeled this week “affordability week” and has rolled out a series of proposals and announcements designed to make living in the city more manageable, especially for working-class New Yorkers.

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