Daily Lobo--“The lottery-based scholarships that are being provided are not addressing where the real need is,” James Jimenez, the executive director of NM Voices, said. “For a child of color born in New Mexico, there's a higher chance that child will live in poverty than a white child ... I think we need to do a much better job of directing aid toward families of color, (and) more specifically, low to moderate income families.”
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.
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.
“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."
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.
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.
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.
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.
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.”
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)