Feb 01 2021

Tobacco Taxes Support a Healthy Future for New Mexico

2021-04-22T12:28:31-06:00Economic Security Publications, Health Publications, Local Data, Publications, Racial and Ethnic Equity Publications, Tax and Budget Publications|

Fact Sheet Smoking kills more people than alcohol, AIDS, car crashes, illegal drugs, murders, and suicides combined. One evidence-based way to help youth and those earning low incomes to stop or reduce smoking is to increase tobacco taxes. It also raises some of the funding needed to cover the public health care costs. (State-level data on smoking, death rates, etc.)

Jan 29 2021

Getting Off the Revenue Roller Coaster

2021-04-22T12:32:36-06:00Publications, Tax and Budget Publications|

Fact Sheet By increasing the personal income tax for just the highest-income earners – those who have been relatively unharmed by the pandemic and are in the best position to afford it – we can take an important first step in generating the stable revenue necessary to invest in the programs and services (like education, health care, and modern infrastructure) that promote shared prosperity and well-being for all New Mexicans.

Jan 14 2021

It’s Time to Repeal This Unfair Tax Giveaway

2021-01-14T15:01:22-07:00Economic Security Publications, Local Data, Publications, Tax and Budget Publications|

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)

Jan 06 2021

New Mexico Must Step Up to Help Our Families Who are Struggling

2021-05-06T14:48:34-06:00Economic Security Publications, Local Data, Publications, Tax and Budget Publications|

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)

Dec 15 2020

Fueling an Equitable Recovery

2020-12-15T11:30:47-07:00Publications, Racial and Ethnic Equity Publications, Tax and Budget Publications|

Policy Brief Before COVID-19 hit, New Mexico was moving steadily forward on a path to more broadly shared prosperity. But our over-reliance on revenue from oil and gas extraction put a dent in our economy even before the pandemic and resulting recession. Legislators must enact policies that stabilize our revenue streams while improving racial equity via our tax code. Their best options for doing so are listed in this policy brief.

Dec 15 2020

Tax Policy: A Powerful Tool to Advance Racial Equity in New Mexico

2020-12-15T09:54:56-07:00Economic Security Publications, Health Publications, Local Data, Publications, Racial and Ethnic Equity Publications, Tax and Budget Publications|

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)

Nov 10 2020

The Working Families Tax Credit Will Help New Mexico Bounce Back

2020-11-10T16:53:17-07:00Economic Security Publications, Health Publications, Local Data, Publications, Racial and Ethnic Equity Publications, Tax and Budget Publications|

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)

Oct 02 2020

Policy, Advocacy, and Child Well-being In New Mexico:

2020-10-06T12:57:32-06:00Economic Security Publications, Health Publications, Local Data, Publications, Racial and Ethnic Equity Publications, Tax and Budget Publications|

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)

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