Santa Fe New Mexican--Through the Opportunity Enterprise Fund, there is now $70 million available “to increase economic activity in the state by providing financing for new or existing commercial facilities to attract businesses to New Mexico communities and allow existing businesses to expand their operations.”
NM Political Report--“Research shows what types of public policy is most impactful for reducing child poverty. Earned income tax credits and child tax credits are some of the most effective ways to reduce child poverty. It was one of the most critical bills under consideration at the legislature,” Wallin said.
Chalkbeat--Emily Wildau, a research and policy analyst at the nonprofit New Mexico Voices for Children, says that after chronic absenteeism shot up in the state during the pandemic, many students would benefit from more consistent tutoring that’s part of their school day.
Santa Fe New Mexican--New Mexico’s greatest asset is its cultural, ethnic and racial diversity. Our people are the heart of our state, and now, our Legislature is recognizing that in a big way. It’s not an exaggeration to say the tax omnibus bill currently under consideration (House Bill 547) does more to improve economic opportunity and equity in our tax code than any legislation in our state’s history.
Fact Sheet Decades of structural racism – in everything from education to voting rights, home ownership, and even drug sentencing laws – have advantaged whites while disadvantaging people of color. This has led to huge gaps in income and wealth, and the state's tax system only makes them worse. (State-level data on income, wealth, and tax incidence by race and ethnicity.)
New Mexico is leading the way in providing all students with tuition-free higher education, and the Opportunity Scholarship has already shown results. That's why the Senate Finance Committee should fully fund the Opportunity Scholarship and keep it free of any guardrail language regarding its administration.
Albuquerque Journal--Amber Wallin, the executive director of New Mexico Voices for Children, a nonprofit group that’s advocated for the child tax credit and other policies, said more than 90% of state taxpayers would see a tax cut under the proposed personal income tax code changes. “All of these things improve fairness in the tax code and level the playing field,” Wallin said Monday.
Las Cruces Sun-News--Court fines and fees are an inefficient way to raise revenue for the state, as collection often costs more than what's brought it. But there are other ways in which this juice isn't worth the squeeze.
Carlsbad Current Argus--Guns are the leading cause of death for kids in New Mexico, with the largest share of gun deaths being suicides. Legislators have the opportunity to protect our children from gun violence with common-sense regulations during this legislative session.
This tax cut was sold to New Mexicans as the next great job-creator. But, like most trickle-down economic strategies, it failed on a massive scale. It's past time to repeal this ineffective give-away that mostly benefits those at the very top.