Dec 03 2018

A tax rebate that’s long-overdue for an expansion

2018-12-07T11:46:10+00:00 Economic Security Publications, Publications, Tax and Budget Publications|

Fact sheet The Low Income Comprehensive Tax Rebate (LICTR) was enacted to make our tax system fairer but because it hasn’t been updated in 20 years, it no longer does the job. LICTR was last amended in 1998. Over the last two decades, the rebate has lost much of its value, because a dollar is worth much less today that it was back in 1998. Over the same time period, our tax system has only gotten more regressive – falling even harder on those with the lowest incomes.

Nov 28 2018

Helping NM Families Get Ahead by Fixing the Child Care Cliff Effect

2018-11-28T15:09:52+00:00 Economic Security Publications, Education Publications, Local Data, Publications|

This updated fact sheet for The Cliff Effect: One Step Forward, Two Steps Back sums up the report's basic message about how the sudden loss of benefits like child care assistance--called the cliff effect--can act as a disincentive for hard-working families trying to lift themselves out of poverty. Also includes policy recommendations for mitigating the cliff effect. (State-level data on the child care assistance program)

Nov 28 2018

The Cliff Effect: One Step Forward, Two Steps Back

2018-11-28T14:52:51+00:00 Economic Security Publications, Education Publications, Local Data, Publications|

Updated Report How can a $1 raise in pay throw families into poverty? When they are at the ceiling for child care assistance eligibility, a tiny raise can mean they go from paying 18 percent of their income on child care to 38 percent. Work supports like child care assistance should help families achieve economic stability. But the sudden loss of benefits--called the cliff effect--can have the opposite effect. (State-level data on the child care assistance program)

Nov 08 2018

It’s time to repeal the capital gains deduction

2018-11-28T15:44:32+00:00 Economic Security Publications, Local Data, Publications, Tax and Budget Publications|

Fact sheet A big tax break enacted in 2003 overwhelming goes to the highest-income earners – the people who are already paying the smallest share of their income in state and local taxes. It costs the state tens of millions of dollars a year and means that unearned income is taxed at a lower rate than money earned from wages. (State-level data on income levels, etc., of those that receive this tax deduction)

Oct 23 2018

Know the Numbers

2018-11-28T15:40:37+00:00 Economic Security Publications, Publications, Tax and Budget Publications|

Fact sheet New Mexico's annual budget has not kept up with inflation or population growth -- so we're expecting our schools, hospitals, first responders, and more to do what they've always done but with less money. This fact sheet looks at some of the ways the state could raise the revenue it needs to make the necessary investments while making our tax system more fair for hard-working families.

Oct 23 2018

Investing in a Healthier New Mexico

2018-11-28T15:42:41+00:00 Economic Security Publications, Health Publications, Local Data, Publications, Tax and Budget Publications|

Report The Medicaid expansion, as part of the Affordable Care Act, has been very good for New Mexico. Not only are tens of thousands of New Mexicans able to access health care, the program has brought billions into the state that has created thousands of jobs, economic activity, and tax revenue. (State-level data on the number of jobs created, economic activity, and tax revenue as a result of the expansion)

Oct 10 2018

Proposed Changes to Public Charge: What You Need to Know

2018-11-28T15:46:11+00:00 Economic Security Publications, Health Publications, Human Rights/Civic Participation Publications, Publications|

Fact sheet Rumors about proposed rule changes on the use of public benefits and immigration applications have many immigrants and their families worried about using programs like WIC, SNAP (food stamps), Medicaid, and energy assistance. Do not give up important benefits that your family needs, like food assistance and health care, based on rumors and fear. Be informed so you can make the right choice for you and your family.

Sep 27 2018

Winning the race to the bottom

2018-11-28T15:47:58+00:00 Economic Security Publications, Local Data, Publications, Tax and Budget Publications|

Fact sheet How did New Mexico get to be last in the nation in child well-being and education? We engaged in 15 years of failed tax policies that prioritized cutting taxes for special interests over investing in our people. This fact sheet looks at what that strategy cost us. (State-level data on the cost of several tax cuts and how lost revenue translated to cuts in spending)

Sep 20 2018

A new Child Tax Credit would put us on the road to a stronger New Mexico

2018-11-28T15:55:00+00:00 Economic Security Publications, Education Publications, Health Publications, Local Data, Publications, Racial and Ethnic Equity Publications, Tax and Budget Publications|

Fact sheet New Mexico’s tax system is upside down—most New Mexico families pay more than twice the rate in state and local taxes than the wealthiest pay. A new state-level Child Tax Credit would help hard-working families and make our tax system more fair. (State-level data on how this tax credit would benefit families)

Aug 29 2018

New Mexicans are Worth More: Raising the State’s Minimum Wage

2018-11-28T15:53:35+00:00 Economic Security Publications, Health Publications, Local Data, Publications, Racial and Ethnic Equity Publications|

Report New Mexico's minimum wage has not been raised in nearly a decade. Worth $7.50 an hour back in 2009, it now has the purchasing power of $6.30. Nearly a quarter of a million workers and more than 100,000 children would benefit from an increase in the state minimum wage. (A Working Poor Families Project report; state-level data on selected demographics of low-wage workers)