Tax Fairness and Budget Adequacy

Bipartisan collaboration and, more importantly, time and responsible leadership are required to undertake tax reform this large. Please, governor, stop taking us for a ride and do your job.
The tax cuts heralded by Susana Martinez have cost the state more than $500 million during her stay as governor of New Mexico. What were they, how much did they cost, and what did we get for them? Research and Policy analyst Raphael Pacheco takes a look.
Learn the basics of the state’s general fund budget—what the state spends money on and how much goes where—in this companion to Advocate’s Guide to the New Mexico State Budget. (A Fiscal Policy Project publication; updated Mar. 2017) Read more
Corporate tax cuts backed by the Martinez administration were supposed to make New Mexico more "business friendly," which would bring jobs to the Land of Enchantment. Despite the high cost of these tax cuts--which has led to deep spending cuts in education, health care and public safety--unemployment in New Mexico remains stubbornly high. (Fact sheet; Feb. 2017) Read more
In the world of revenue-estimates and budget-making, numbers can seem pretty abstract. This infographic takes a look at how the revenue provisions in HB 202 might actually be invested to stem more harmful spending cuts. (Infographic; Feb. 2017) Read more
This PowerPoint presentation looks at New Mexico's budget problems and ways lawmakers could address the lack of revenue in order to avoid more harmful spending cuts. Presented to the League of Women Voters of NM. (Feb. 2017) Read more
In New Mexico, the Working Families Tax Credit is one of the most sensible parts of our tax code: it encourages work, helps to raise hard-working families out of poverty, and benefits almost 300,000 children, while also pumping millions back into local communities. Increasing the credit is a smart investment in our businesses, working families, and future. (A Working Poor Families Project report; Jan. 2017) Read more
Reinstatement on the tax on food is likely to come up in the 2017 legislative session even though New Mexico has the second highest rate of children who don't always have enough to eat. These three infographics look at food insecurity in New Mexico and which other states in the nation tax food. (Infographics; Dec. 2016) Read more
This PowerPoint looks at how reinstating the tax on groceries would impact the health of New Mexico’s already-food-insecure families. Presented at the NM Public Health Association’s Health Policy Legislative Forum. (Dec. 2016) Read more
After years of enacting ineffective tax breaks for profitable corporations and other special interests, New Mexico's tax system is broken and now fails to bring in the revenue needed to make the investments that create strong communities and a robust economy. This policy brief goes over the many ways lawmakers could bring in the money needed for our critical public investments. (A Fiscal Policy Project brief; Nov 2016) Read more
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