About Gerry Bradley

Gerry Bradley is NM Voices for Children's Research Director
Sep 08 2015

Raising the New Mexico Minimum Wage

2018-06-16T23:07:20-06:00Economic Security Publications, Local Data, Publications, Racial and Ethnic Equity Publications|

Raising the minimum wage is an important and effective strategy for reducing poverty particularly given the erosion of the purchasing power of the state wage since it was last raised in 2009. In New Mexico, approximately 112,000 workers are earning the current state minimum wage of $7.50. In January, New Mexico lawmakers should act to raise the minimum wage to $10 per hour by 2018. While this increase should not be considered a living wage, thousands of families would benefit. (A Fiscal Policy Project report; state-level data on characteristics of minimum wage earners, including by race and ethnicity)

Jan 21 2015

An expensive, unfair, and poorly targeted tax cut

2018-04-03T12:39:32-06:00Blog Posts, Tax and Budget Blog|

When it comes to state and local taxes, middle- and low-income New Mexicans pay a tax rate double what the wealthiest pay and part of this inequity is due to an extremely generous tax cut enacted by the Legislature in 2003. Those who have capital gains income—that’s income from the sale of stocks, bonds, real estate, and the like—can deduct half of it from their personal income taxes. As most capital gains income goes to people who already have the most money, those are the tax filers who receive the most benefit from the deduction.

Jan 06 2015

Why the poor pay the highest tax rate in New Mexico—and one step toward a fix

2018-04-03T12:39:32-06:00Blog Posts, Economic Security Blog, Tax and Budget Blog|

It’s widely agreed that the poorest among us should not pay the highest tax rate, but in New Mexico (as in most states) they do. State and local taxes—particularly sales and property taxes (shown in the light blue and orange bars in the graphic below)—take up a higher percentage of incomes at the lowest end of the scale. That’s because the smaller your paycheck, the more of it you spend just on day-to-day living expenses—most of which are taxed.

Dec 17 2014

The lingering near-death experience of the New Mexico corporate income tax

2018-04-03T12:39:32-06:00Blog Posts, Tax and Budget Blog|

While profitable corporations require roads, police protection, and other public infrastructure and services as much as the rest of us, New Mexico has ensured that they will be paying much less of the cost to maintain them. The tax cuts for corporations enacted by the state Legislature and signed by the Governor in 2013 are proving to be much more expensive than originally estimated. So much so that within the next few years we will lose 60 percent of our corporate income tax revenue.

Jul 29 2014

How New Mexico has failed its unemployed workers and its economy

2018-04-03T12:39:34-06:00Blog Posts, Economic Security Blog, Tax and Budget Blog|

Unemployment insurance (UI) has both a moral and an economic dimension—and New Mexico’s UI system has failed on both fronts. From a moral point of view, the intent of unemployment insurance is to keep people who are unemployed through no fault of their own from falling into financial ruin when they lose a job. The economic rationale for the program is that UI, along with SNAP (food stamps), is one of the so-called “automatic stabilizers” that keep the demand side of the economy from collapsing when the nation falls into a recession.

May 13 2014

New Mexico’s employment crisis; dead last in the West

2018-04-03T12:39:37-06:00Blog Posts, Economic Security Blog|

Data for the first quarter of 2014 show that New Mexico is facing a severe shortage of the jobs our people need. The state’s unemployment rate is up and job growth is negative. New Mexico’s labor market is stagnant at best, according to the U.S. Census Bureau’s Current Population Survey, the survey of households used to estimate the unemployment rate.

Mar 29 2013

Why the Governor should veto the omnibus tax bill

2018-04-03T12:39:40-06:00Blog Posts, Tax and Budget Blog|

It sounds like something out of a political thriller movie: hastily cobbled together legislation is railroaded through with a vote in the closing minutes of a session. The truncated debate that takes place is woefully uninformed because no one has had time to read the bill. Nor is there time for public input. This scenario did not play out in Hollywood, but in Santa Fe when legislators were given 35 pages worth of amendments to House bill 641 and told to vote on it before the clock struck 12. What they were not given was any meaningful information about the fiscal impact of what they were voting on. In fact, they were misled.