It’s time to limit this unfair tax giveaway
Fact Sheet New Mexico gives a big, unnecessary tax break to those with capital gains income. This tax break allows people to deduct 40% of their capital gains income from their state taxes, meaning this unearned income is taxed at a lower rate than the hard-earned wages and tips of ordinary New Mexicans. (State-level data on share of capital gains income by income level)
Capital gains GIF-splained: What’s wrong with this deduction and why it needs to go
This tax cut was sold to New Mexicans as the next great job-creator. But, like most trickle-down economic strategies, it failed on a massive scale. It's past time to repeal this ineffective give-away that mostly benefits those at the very top.
Kids Count Data Book Focuses on Racial Equity
Santa Fe Reporter--“One of the big policies that we’re excited about this year is particularly focused on Native American students and helping them to graduate, and that’s related to really making sure there is dedicated funding to support our Native students,” Wildau said. “We’re going to be really supportive of that.”
Report: Child welfare advocates cite reasons for optimism despite rising rates of death, abuse
Santa Fe New Mexican--"All of these common-sense decisions ... not only prevented a significant decline in well-being for New Mexico kids and families, but it also laid a strong foundation for us to continue seeing improvements in many indicators of child well-being in the 2022 data," Wildau said.
2023 New Mexico KIDS COUNT Data Book
NM KIDS COUNT Data Book Child well-being is slowly improving in New Mexico, thanks to investments by our lawmakers. This annual report provides data on numerous child well-being indicators related to economic security, education, health, and family and community, and includes policy solutions. New this year are indicators related to environmental health. (State-, county-, tribal- and school district-level data on child well-being.)
NM KIDS COUNT Data Book: Child Well-being Generally Improving
Child well-being in New Mexico appears to be slowly improving. As history has shown us, fighting poverty is a policy choice. This was made clear by the pandemic-era changes in the federal Child Tax Credit (CTC). The CTC expansion led to the largest decrease in national child poverty on record. Not only did child poverty dramatically decline, but the gaps between the poverty rates for children of color and those for white children also narrowed. Not surprisingly, the year after the federal CTC expansion expired, the gaps in poverty by race and ethnicity widened again. Still, child poverty in New Mexico remains lower than it did a decade ago.