Fact Sheet Most people agree that low-income households shouldn’t pay a higher percentage of their income in taxes than the rich. However, the truth is that those with low and middle incomes do pay a higher share of their income in taxes than the rich in New Mexico. This graphic explains why that is. (State-level data on effective tax rate by income level.)
Fact Sheet Profit-minded corporations will happily accept tax breaks, but tax rates aren't a big factor when they consider locating in a new state. Most of what they do consider - a well-educated and skilled workforce, modern infrastructure, good schools, etc., - are the very amenities states support with the tax revenue corporations try not to pay. This fact sheet makes the argument for increasing the taxes corporations pay on the profits earned here. (State-level data on decline of corporate income tax revenue as a share of all tax revenue)
I met a group of women at the Roundhouse this week who had recently lost close family members to COVID, including one who had lost a child. Their stories were powerful, and their emotions were raw. Our brief encounter was a vivid reminder that we still have many health care challenges ahead of us. We must do better.
Santa Fe New Mexican--Paige Knight, senior research and policy analyst for New Mexico Voices for Children, spoke in favor of the bill but recommended “progressively structured” rebates so “the families who are most in need receive a larger rebate since rising food and energy prices hit lower income households the hardest.”
Carlsbad Current-Argus--“When oil and gas companies waste resources, the state loses critical tax and royalty revenue and families and children suffer from the loss of investment in schools and other critical public services,” Wallin said.
Carlsbad Current-Argus--Children are especially vulnerable to the consequences of climate change, which include extreme heat, poor air quality, drought, flooding, and wildfires. However, this legislative session, lawmakers have the opportunity to protect New Mexicans from these threats to public health by passing the Public Health and Climate Resiliency Act.
Fact Sheet In New Mexico, the personal income tax is an underutilized tool to raise consistent, sustainable revenue and advance racial equity. This fact sheet looks at how our state and local tax system is upside down. (State-level data on effective tax rates by income levels.)
“Our report is not warning of doom and gloom, but rather urging policymakers to strike while the iron is hot and to prepare for the downturn now while excess state revenue and federal opportunity allows for decisive and impactful action toward revenue diversification.”
“This state-level Child Tax Credit (CTC) will be a big help to New Mexico’s working families and increasing the amount for families who are paid low incomes will truly target the credit to where it’s most needed. We also need to make the credit permanent."
NM Political Report--New Mexico continues to sit last in the U.S. for reading and math proficiency but the rates of those proficiencies over the long term have improved at a higher rate when compared to the U.S. rates, Wildau said. “It’s not as high as we’d like but we have seen improvements. And the number of improvements are stronger over the long term than the U.S. as a whole,” Wildau said.