Majority of Benefits of Trump Tax Plan Would Go to NM’s Highest-Income Earners
The just-released Trump tax plan would largely benefit those who earn the most money, with 72 percent of the tax cuts going to the top 20 percent of New Mexico’s taxpayers. In addition, the tax cuts would impact how much tax revenue New Mexico collects, further reducing the amount of money the state has to invest in education, health care, and public safety.