In the final part in our series on the just-passed federal tax reform, Raphael Pacheco takes a look at how the legislation may impact New Mexico's budget. (Spoiler alert: it's not good.)
In Part 1 of our blog series, Raphael Pacheco gave us an overview of the federal tax bill. Now in Part 2, he gets down to the nitty-gritty and how the various provisions of the tax bill may impact you.
The long-awaited federal tax reform is now law. So what does it mean for you and your family? Researcher and Analyst Raphael Pacheco takes a look in this first installment of a three-part blog.
Bipartisan collaboration and, more importantly, time and responsible leadership are required to undertake tax reform this large. Please, governor, stop taking us for a ride and do your job.
The tax cuts heralded by Susana Martinez have cost the state more than $500 million during her stay as governor of New Mexico. What were they, how much did they cost, and what did we get for them? Research and Policy analyst Raphael Pacheco takes a look.
The last time voters decided to increase the distribution from the permanent fund was back in 2003. Even then, prognosticators warned that the move would “deplete” the fund. Back in 2003 the fund was worth about $7 billion. Over the next dozen years, the fund still managed to more than double. Here's why.
When Facebook was considering New Mexico as a location for a new data center, the state started playing the "Let's Make a Tax Deal" game. Turns out that tax breaks are about as important to these kinds of decisions as is the risk of natural disasters. Which is to say, very low.