Tax Fairness & Budget Adequacy Blog
#ICYMI — LFC report: Industry tax breaks are dragging down New Mexico economy
The Legislative Finance Committee (LFC) recently published a powerful new report examining whether targeted tax breaks actually deliver economic growth for New Mexico. The report found the special exemptions for targeted industries are a drain to state revenues and do little to help grow New Mexico’s economy. In many cases, these targeted tax breaks weaken New Mexico’s economy by diverting resources away from proven investments, which help New Mexicans thrive.
New Mexico’s Future Depends on a Stronger, More Diverse Tax Base
Too frequently, taxes get a bad rap. But the truth is, taxes are how we invest in one another and build the strong communities we all depend on. New Mexicans benefit tremendously from public schools, roads, health care, and safety. Taxes also help thousands of New Mexico families afford the basics of a dignified life by creating opportunity, stability and a stronger future.
New Mexico Took Steps to Address the Rising Cost of Living
In the 2026 legislative session, lawmakers, advocates, and community members secured crucial funding to fight food insecurity and improve housing affordability in New Mexico. While federal cuts have threatened the support programs our families and children rely on, our state legislature passed family-focused investments that will keep food on the table for households across the state.
New Mexico Lawmakers Protected Affordable Health Care This Session
Expanding access to health care for New Mexicans is multifaceted and complex. This legislative session, New Mexico made major investments to help keep health care accessible and affordable, protect families from harmful federal policy changes, and make our state a more attractive place for health care providers to practice.
Decoupling Protected New Mexico from Millions in Lost Revenue
In New Mexico, we prioritize the health and well-being of our families and children, but we can’t support them without enough state revenue for the programs and services they need to thrive. During the 2026 regular session, state legislators and Governor Michelle Lujan Grisham passed legislation to protect revenue that would have been lost if the state did not take action.
How Will the One Big Beautiful Bill Act Impact New Mexico?
By Emily Wildau, MPP Published September 10, 2025 Now that the One Big Beautiful Bill Act (OBBBA) has been signed into law, New Mexico lawmakers will be forced to defend against cuts to the income support programs that lift [...]
The Big Beautiful Bill Passed – What We Need From You
Dear Friends, On July 4th, the President signed a devastating reconciliation bill that will hurt millions of Americans, including children and families right here in New Mexico. This bill slashes food assistance, guts health care access, and hands grotesque [...]
Federal SNAP Changes Will Mean More Hungry New Mexicans
No one deserves to go hungry, and the vast majority of our friends and neighbors in New Mexico have held this fundamental belief for generations. But despite the proven success of the Supplemental Nutrition Assistance Program (SNAP), Congress is seeking cruel cuts to federal funding that will leave many families hungry.
The “One Big Beautiful Bill” Will Gut Health Care in New Mexico
New Mexico’s children and families deserve affordable, high-quality health care, but instead they face the fear of losing this basic human right. Medicaid, among other essential services like food assistance, is being threatened in the budget bill moving through the U.S. Congress right now. In late May, the House of Representatives voted to pass the so-called “One Big Beautiful Bill,” which has ugly and harmful implications for families and communities throughout the U.S. and New Mexico.
Once again, N.M. ranks 50th for kids; this must change
Santa Fe New Mexican--New Mexicans are a people of strength, resilience and deep-rooted pride — shaped by our commitment to community and our dedication to the well-being of families. That’s why it’s painful to reconcile our values with the news in this week’s release of state rankings on child well-being from the Annie E. Casey Foundation’s annual Kids Count Data Book. Once again, New Mexico is ranked 50th. Two things are true: Progress takes time — and our children can’t afford to wait.