May 14 2019

Advancing equity in New Mexico: Tax policy

2019-05-13T16:53:44-06:00Blog Posts, Economic Security Blog, Racial and Ethnic Equity Blog, Tax and Budget Blog|

The first installment in our series on policies passed during the 2019 legislative session that will improve equity in New Mexico, this blog looks at how tax policies can help close income and wealth disparities that fall along racial lines. Makes sense -- since tax policies helped create those disparities in the first place.

Jan 22 2019

Time to restore fairness to the personal income tax and break the boom-or-bust cycle

2019-01-22T14:27:29-06:00Blog Posts, Economic Security Blog, Tax and Budget Blog|

Now is the time to enact bold tax reform and improve our tax system so we can begin to generate key, sustainable resources that are not ruled by the boom-or-bust cycle of the oil and gas industries. This reform should begin by restoring fairness to the personal income tax, a stable source of revenue that is underutilized in New Mexico due to tax cuts enacted in 2003.

Jan 15 2019

Changing the course on child well-being

2019-01-15T15:15:28-06:00Blog Posts, Economic Security Blog, Education Blog, Health Blog, Kids Count Blog, Tax and Budget Blog|

The past decade of austerity has been hard on New Mexico’s children. Still, we are optimistic about the future because we believe in the strength and resiliency of New Mexico’s families. We know we can build stronger communities and support more resilient families and children so that they can thrive. But we can only build a stronger New Mexico if our policymakers are willing to provide the revenue we need to make these investments.

Dec 18 2018

Corporate tax cuts prevent us from investing in what really matters for a thriving economy

2018-12-18T11:27:45-06:00Blog Posts, Economic Security Blog, Tax and Budget Blog|

Here in New Mexico, we’ve given away more and more of our tax revenue over time in the form of corporate handouts and allowed multi-state corporations to play shell games with the profits they earn here. The result? Our state has less money to invest in the things that corporations really care about – modern and robust infrastructure, a well-trained workforce, and a market for their goods.

Nov 03 2018

The next governor should improve our tax system and increase wages

2018-11-05T16:30:08-06:00Blog Posts, Economic Security Blog, Economic Security News Coverage, News Coverage, Tax and Budget Blog, Tax and Budget News Coverage|

First, we recommend that the new governor work to make our tax system fairer and more stable. Thanks to 15 years of failed trickle-down tax cuts, New Mexico is now much too dependent on revenue from oil and natural gas extraction to fund our state services like education and public safety. But the amount of revenue we collect from oil production is based on prices that are set at the global level, so we’re stuck in a boom-or-bust cycle.

Apr 17 2018

Celebrate Democracy: It’s Tax Day!

2018-06-08T15:54:52-06:00Blog Posts, Tax and Budget Blog|

Call me crazy but I really enjoy Tax Day because I am truly proud to pay taxes. If voting during Election Day is a self-expression of our values, then filing our tax returns on Tax Day is the method through which we celebrate those values. Taxes provide the resources to make shared investments in the things we all care about like a cleaner environment, public health, and quality schools.

Apr 06 2018

Imagine not being counted

2018-06-08T15:41:21-06:00Blog Posts, Human Rights/Civic Participation Blog, Tax and Budget Blog|

The recent decision to include a question on citizenship status in the 2020 decennial Census is certain to increase the number of people who won’t respond to the census. And that’s exactly the political motivation behind the decision to include a question that hasn’t been asked since 1950. This change will be particularly bad for New Mexico.