Capital and Main--“All the tax breaks in the world for business aren’t going to make a difference if people don’t have money to spend,” he says. They get more money to spend by working at better jobs. And they get better jobs through better education, and through businesses attracted to a state with better infrastructure.”
Fact Sheet Families need economic relief now, and this state rebate can provide relief for those who need it most. But it hasn't been updated in more than two decades. Improving this rebate would make our tax system more equitable and ensure that all New Mexicans can survive through and thrive after the pandemic. (State-level data on child well-being and impacts of the tax rebate)
Tuesday’s meeting of the Revenue Stabilization & Tax Policy Committee included a sobering reminder of the urgent need to find more stable revenue, but it also provided cause for hope – by reforming an unstable, inequitable tax structure, New Mexico can better serve the state’s children and future.
“We are very excited to be welcoming NMEPHN into the NM Voices family,” said James Jimenez, executive director of the child advocacy agency. “Our portfolio of environmental work has increased tremendously over the past several years, so this new partnership makes perfect sense.”
Las Cruces Bulletin--New Mexico’s overall food insecurity rate increased from 15 percent in 2018 to an estimated 21 percent in 2020, NMVC said, based on the national nonprofit Feeding America’s “Impact of the Coronavirus on Local Food Insecurity” report.
Deming Headlight--Tuesday’s meeting of the Revenue Stabilization & Tax Policy Committee included a sobering reminder of the urgent need to find more stable revenue, but it also provided cause for hope – by reforming an unstable, inequitable tax structure, New Mexico can better serve the state’s children and future.
Las Cruces Sun-News--Their top recommendation was to restore income tax rates to the level they were before the cuts of 2003. Those cuts have cost the state $500 million a year, and have gone disproportionately to those with the highest incomes, Wallin said. A family earning $25,000 a year now pays the same rate as one earning $250,000, she said.
Santa Fe New Mexican--James Jimenez, executive director of New Mexico Voices for Children, an Albuquerque-based nonprofit that works with the Annie E. Casey Foundation, said the New Mexico Legislature’s recent approval of relief measures for small businesses and residents will help mitigate those issues. However, he said, Congress also needs to enact legislation providing more help to families.
Many of our state and nation’s systemic racial inequities are the result of public policies that benefit some groups while disadvantaging others. Such policy is even found in our tax codes, but by changing them, New Mexico can begin to build a more equitable future.
Albuquerque Journal--He said he would support a bill to expand the state’s Working Families Tax Credit during the coming session, adding, “I think there’s a commitment not to repeat the mistakes of the past.” The nonprofit group New Mexico Voices for Children also called Tuesday for an expansion of the Working Families Tax Credit, which reduces state income tax liability for low-income residents.