Fact sheet New Mexico gives a big, unnecessary tax break to those with capital gains income. This tax break allows people to deduct 40 percent of their capital gains income from their state taxes, meaning this unearned income is taxed at a lower rate than the hard-earned wages and tips of ordinary New Mexicans. (State-level data on share of capital gains income by income level)
Report Systemic racism isn't accidental - it's the result of public policies that benefit one group while disadvantaging others. Our state and national tax systems have been built to benefit those at the top (who are mostly white) while disadvantaging people of color. This report looks at concrete ways New Mexico can make our tax system more equitable. (State-level data on disparities in income, wealth, home ownership, and tax incidence by race and ethnicity)
El proporcionar ayuda a los más necesitados de nuestras comunidades es una parte esencial para que nuestro sistema tributario sea más equitativo y asegurar que todas/os los nuevomexicanos puedan sobrevivir durante la pandemia y prosperar después.
Fact Sheet New Mexico's Working Families Tax Credit has long helped families who work hard but are struggling to make ends meet. Given the crises of the pandemic and its resulting recession, it's time to increase and improve this proven anti-poverty solution. (State-level data on the benefits of this tax credit)
Fact Sheet Families need economic relief now, and this state rebate can provide relief for those who need it most. But it hasn't been updated in more than two decades. Improving this rebate would make our tax system more equitable and ensure that all New Mexicans can survive through and thrive after the pandemic. (State-level data on child well-being and impacts of the tax rebate)
Fact sheet The stimulus checks that went out as part of the federal COVID-19 relief can have a positive impact on the lives of individuals and families most impacted by the pandemic, providing money to help them pay bills, cover necessary expenses, and pay for the things they need most right now. The money would also give state and local economies a much-needed boost.
Presentation Created for the NM Public Health Association's annual conference, this presentation looks at the intersection of state tax and budget policies with social determinants of health. It gives examples of evidence-based policy solutions that promote racial justice and some tips on how to participate in policy and budget decisions that improve outcomes for kids. (State-level data on some impacts of the COVID-19 pandemic)
Fact sheet COVID-19 and the resulting recession have caused great hardship for many New Mexico children and their families. This fact sheet looks at some of the areas where children have been impacted, including their economic and food security, and education. (State-level data on various indicators of child well-being)
Fact sheet (ninth in the series) The COVID-19 pandemic and resulting recession are wreaking havoc on New Mexico and have led to high unemployment. Federal funding is needed to help the state and local governments to ensure that health care, education, first responders, and other services continue uninterrupted. The HEROES Act could be that tool -- if it is passed by the U.S. Senate and signed by the president. (State-level data on unemployment)
State data sheet New Mexico ranks 50th in the nation in child well-being for the fourth time since 2013. This state profile shows how our children are faring on the 16 indicators of child well-being used in the national KIDS COUNT rankings. (State-level data on the 16 indicators of child well-being.)