Your Social Security benefits are mostly un-taxed income
Las Cruces Sun-News--While we think of Social Security as “our” money, the fact is, most seniors receive much more in Social Security benefits than they actually paid in while working. The majority of the money in your Social Security check comes from other sources.
Halfway home: Lawmakers hit crucial stretch
Albuquerque Journal--But James Jimenez, the executive director of New Mexico Voices for Children, a nonprofit group that advocates for health care access and economic security, said he’s optimistic about the session’s final outcome. He also said changes to New Mexico’s tax code could bolster the state’s economic diversification efforts, adding that concerns raised by business groups are not new.
New Mexico nonprofit seeks pandemic aid for migrants
Santa Fe New Mexican--“We know that when aid comes to families, irrespective of their status, they spend it locally,” he said. “We’re hopeful that Congress and the president will recognize contributions that all immigrants make to New Mexico and the United States economically,” Jimenez added.
Report: State Receives Billions in Economic and Tax Contributions by Immigrants
Aside from paying taxes, immigrants in New Mexico have $3.2 billion in purchasing power and immigrant-owned businesses have annual sales of $4.4 billion. Those are among the economic contributions immigrant residents make that support other local businesses and jobs. “Immigrants are actually twice as likely to start a company as are folks who were born here,” said James Jimenez, executive director of NM Voices. “These companies create jobs and economic activity that we would otherwise not have.”
Strengthening All Communities for a Brighter Future
Report Immigrants strengthen our communities in many ways - from boosting the economy and the labor force to paying millions in state and local taxes. Still, immigrants are not treated with the equity they deserve. The COVID-19 pandemic has made that more clear than ever. This report looks at the ways in which immigrants contribute, how they were excluded from federal pandemic relief, and what can be done to create a more inclusive state. (State-level data on population demographics and economic and tax contributions)
How combining a just economic transition and strong climate action equals a safer, healthier and more equitable New Mexico
New Mexicans are already experiencing severe impacts of climate change – harming our health, air, land, water, and economy. The Climate Solutions Act (HB 9) would establish nation-leading carbon pollution reduction targets to benefit current and future generations while ensuring that all New Mexicans will benefit from the jobs and economic growth provided in a clean energy future.