The HB 291 tax package will make our tax system more racially equitable
Like other public policy, tax policy can either advance or hinder racial and ethnic equity. It is never race-neutral. As the legislative session enters its final week, one important tax bill - HB 291 - is still being debated. There are numerous reasons to support (it raises revenue and makes our tax system more stable, among others), but one reason has particular meaning in a state where people of color comprise the majority of the population. This blog explains.
Investments necessary for a fair, rapid economic recovery
Santa Fe New Mexican--Before the coronavirus pandemic hit, New Mexico was beginning to move forward on a path to more broadly shared prosperity. The pandemic and recession seem to have put some of that progress on hold. But they don’t have to. We can continue to move in the right direction if we ensure we have adequate and sustainable revenue that is raised in a way that is fair.
Federal American Rescue Plan is the Relief New Mexicans Need
“We applaud the passage of the American Rescue Plan. This legislation is the kind of action we need now, when unemployed workers are still struggling to pay their bills, millions of families are falling further behind on rent and at risk of facing homelessness, and parents are worrying about how they will feed their children."
Penal system measures slowly advance in New Mexico Legislature
Santa Fe New Mexican--“We’re concerned that private, for-profit prisons create a perverse incentive to incarcerate more people and keep them in longer,” said Bill Jordan, a lobbyist for the nonprofit New Mexico Voices for Children.
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.