Mayor Eric Adams (photo: Michael Appleton/Mayoral Photography Office)

The Earned Income Tax Credit is a boon for low-income New Yorkers, putting hundreds, even thousands of dollars back in their pockets each year. Though it is a federal credit, it is matched by New York City and State, and Mayor Eric Adams made expansion a top priority for his administration as part of his agenda to lift up struggling New Yorkers. This year, at the new mayor’s urging, the state enhanced its EITC and the mayor increased the city’s investment in the credit. 

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 Comptroller Scott Stringer (photo: @scottmstringer)

In his testimony before the New York State Legislature last week on the state’s proposed budget for 2018, New York City Comptroller Scott Stringer called for the expansion of a tax credit that could potentially pull thousands of New York City residents out of poverty, continuing a push he began last year when he first floated the