Nov 03 2018

The next governor should improve our tax system and increase wages

2018-11-05T16:30:08+00:00 Blog 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.

Oct 17 2018

Report: NM Tax Overhaul Would Benefit Kids, Families

2018-10-17T12:24:29+00:00 Economic Security News Coverage, News Coverage, Tax and Budget News Coverage|

James Jimenez, executive director of New Mexico Voices for Children, said state policymakers could address the inequity by embracing a more progressive tax system. "It's really a much fairer way of allocating tax responsibility to support the kinds of things that we need - good, strong schools and higher education, great infrastructure," he said. "Those are really the fundamental things that we need to figure out how to pay for in a fair way."

Feb 22 2018

Impact of proposed SNAP cuts would be huge in New Mexico

2018-05-02T11:38:39+00:00 Health News Coverage, News Coverage, Tax and Budget News Coverage|

Amber Wallin, the Deputy Director of New Mexico Voices for Children, pointed to the recent tax cut that became law as a driving force for the desire to cut federal spending from social welfare programs. “We just had a $1.4 trillion tax cut that mainly goes to wealthy individuals, the most well-connected, the biggest corporations,” she said. “But at the same time we’re cutting crucial benefits for the kids and families who need them the most. It’s just unacceptable.”

Jan 13 2018

Prosperity is not possible without investment

2018-05-02T16:28:28+00:00 Blog Posts, Economic Security Blog, Economic Security News Coverage, News Coverage, Tax and Budget Blog, Tax and Budget News Coverage|

We all want a prosperous state, but prosperity requires investments. You can’t grow a garden without good soil, sunlight, water, and some hard work. Same with a state—you can’t have prosperity without resources, infrastructure, and a skilled workforce. But instead of following an investment strategy to prosperity, New Mexico has tried to cut its way to prosperity.

Dec 04 2017

New Mexicans to see modest change with Senate tax plan

2018-05-02T16:33:43+00:00 News Coverage, Tax and Budget News Coverage|

ALBUQUERQUE, N.M. -- President Donald Trump calls it a once-in-a-generation opportunity, but the Republican tax plan passed by the Senate on Saturday could force lawmakers to rewrite the tax code again, repeatedly for years to come. Some key components of the plan have expiration dates, forcing a future Congress to decide whether to renew them or not. Tax cuts for individuals and families would vanish after eight years.

Oct 05 2017

New Mexico health clinics fret over federal funding delays

2018-05-03T11:52:13+00:00 Health News Coverage, News Coverage, Tax and Budget News Coverage|

SANTA FE — Operators of community health centers in New Mexico watched warily on Wednesday as congressional committees in Washington wrestled with proposals to extend crucial funding for clinics that are a mainstay of rural health care in the state. Federal funding expired at the end of September for federally qualified health centers, along with a popular health insurance program for children from low-income families.

Aug 27 2017

N.M. among states with largest reductions in higher ed spending

2018-05-03T11:55:20+00:00 Education News Coverage, News Coverage, Tax and Budget News Coverage|

New Mexico is among the states that have seen the steepest reductions in higher education spending since the national recession, a new report says, investing nearly a third less per student in the last fiscal year than it did in 2008. The report, by the Washington, D.C.-based Center on Budget and Policy Priorities, a nonprofit research institute, shows a nationwide trend of declining public funding for colleges and universities as tuition rates steadily rise, placing a heavier burden on students to help fund school operations.