Mar 15 2021

The HB 291 tax package will make our tax system more racially equitable

2021-03-15T12:04:18-06:00Blog Posts, Economic Security Blog, Racial and Ethnic Equity Blog, Tax and Budget Blog|

Like other public policy, tax policy can either advance or hinder racial and ethnic equity. It is never race-neutral. As the legislative session enters its final week, one important tax bill - HB 291 - is still being debated. There are numerous reasons to support (it raises revenue and makes our tax system more stable, among others), but one reason has particular meaning in a state where people of color comprise the majority of the population. This blog explains.

Mar 13 2021

Investments necessary for a fair, rapid economic recovery

2021-03-15T12:19:39-06:00Blog Posts, Economic Security Blog, Economic Security News Coverage, News Coverage, Tax and Budget Blog, Tax and Budget News Coverage|

Before the coronavirus pandemic hit, New Mexico was beginning to move forward on a path to more broadly shared prosperity. The pandemic and recession seem to have put some of that progress on hold. But they don’t have to. We can continue to move in the right direction if we ensure we have adequate and sustainable revenue that is raised in a way that is fair.

Feb 10 2021

How combining a just economic transition and strong climate action equals a safer, healthier and more equitable New Mexico

2021-02-17T14:24:49-07:00Blog Posts, Economic Security Blog, Health Blog, Tax and Budget Blog|

New Mexicans are already experiencing severe impacts of climate change – harming our health, air, land, water, and economy. The Climate Solutions Act (HB 9) would establish nation-leading carbon pollution reduction targets to benefit current and future generations while ensuring that all New Mexicans will benefit from the jobs and economic growth provided in a clean energy future.

Jan 28 2021

Biden Administration should update antiquated oil and gas leasing and bonding rules

2021-01-29T16:31:36-07:00Blog Posts, Health Blog, Health News Coverage, News Coverage, Tax and Budget Blog, Tax and Budget News Coverage|

While the extraction of oil and natural gas in New Mexico is mostly done on public lands, the state has less authority over the process than you might think. And while the industry puts a lot of money into our public schools, it could put a lot more money in if the state made the rules. Unfortunately, because much of the public land where drilling takes place here is actually federal land, we must rely on the federal government to set the rules.

Nov 16 2020

It’s time NM diversified away from oil, gas

2021-01-07T11:35:55-07:00Blog Posts, Health Blog, Health News Coverage, News Coverage, Tax and Budget Blog, Tax and Budget News Coverage|

Pre-pandemic New Mexico saw a boom in oil and gas extraction, which was mirrored by an increase in state revenue. And while many state leaders opined that this boom was going to last indefinitely, the reality for the industry was far more grim. “In short,” the report states, “while New Mexico posted record oil and gas revenues, the oil and gas industry itself was reporting steep losses.”

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