Historic tax bill would create economic opportunity GalleryHistoric tax bill would create economic opportunity
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Historic tax bill would create economic opportunity
Santa Fe New Mexican--New Mexico’s greatest asset is its cultural, ethnic and racial diversity. Our people are the heart of our state, and now, our Legislature is recognizing that in a big way. It’s not an exaggeration to say the tax omnibus bill currently under consideration (House Bill 547) does more to improve economic opportunity and equity in our tax code than any legislation in our state’s history.
How tax policies exacerbate racial and ethnic disparities
Fact Sheet Decades of structural racism – in everything from education to voting rights, home ownership, and even drug sentencing laws – have advantaged whites while disadvantaging people of color. This has led to huge gaps in income and wealth, and the state's tax system only makes them worse. (State-level data on income, wealth, and tax incidence by race and ethnicity.)
NM should continue to lead the way on higher ed by fully funding the Opportunity Scholarship
New Mexico is leading the way in providing all students with tuition-free higher education, and the Opportunity Scholarship has already shown results. That's why the Senate Finance Committee should fully fund the Opportunity Scholarship and keep it free of any guardrail language regarding its administration.
A tax package unveiled at Roundhouse includes $300 rebates, expanded tax credits and overhaul of personal income tax code
Albuquerque Journal--Amber Wallin, the executive director of New Mexico Voices for Children, a nonprofit group that’s advocated for the child tax credit and other policies, said more than 90% of state taxpayers would see a tax cut under the proposed personal income tax code changes. “All of these things improve fairness in the tax code and level the playing field,” Wallin said Monday.
How criminal fees damage our communities
Las Cruces Sun-News--Court fines and fees are an inefficient way to raise revenue for the state, as collection often costs more than what's brought it. But there are other ways in which this juice isn't worth the squeeze.
Saving Children’s Lives by Passing Common-Sense Gun Laws
Carlsbad Current Argus--Guns are the leading cause of death for kids in New Mexico, with the largest share of gun deaths being suicides. Legislators have the opportunity to protect our children from gun violence with common-sense regulations during this legislative session.