Tax and Budget Publications

Mar 25 2021

How the American Rescue Plan will help New Mexico

Alex McCausland2021-08-30T15:23:08-06:00Economic Security Publications, Education Publications, Health Publications, Local Data, Publications, Racial and Ethnic Equity Publications, Tax and Budget Publications|

Fact Sheet The American Rescue Plan Act will help New Mexico in a number of ways - income supports, housing and food assistance for families, and education and health care assistance for the state, cities, counties, and Tribes. This fact sheet looks specifically at how children of color - who have been disproportionately harmed by the pandemic - will be helped. (State-level estimates, some by race and ethnicity, on how many people will be impacted)

Feb 08 2021

Juvenile fines and fees are bad for youth, families, and the state

Alex McCausland2021-10-25T13:01:08-06:00Economic Security Publications, Publications, Racial and Ethnic Equity Publications, Tax and Budget Publications|

Fact Sheet Court fines and fees for juveniles are harmful to youth and their families, racially discriminatory, and costly to administer. They can quickly amount to hundreds of dollars, resulting in a significant financial burden for New Mexico families, taking from them some of the very resources they need to invest in their children’s future and purchase food, education, housing, and health insurance.

Feb 08 2021

Orphaned Wells and Inadequate Bonds: How the Oil and Gas Industry Could Soon Become a Financial Burden

Alex McCausland2021-08-03T12:06:12-06:00Education Publications, Health Publications, Local Data, Publications, Tax and Budget Publications|

Policy Brief Overproduction, a global price war, and the COVID-19 pandemic have led many oil and gas companies in New Mexico and across the West to file for bankruptcy. This means orphaned wells – inactive wells that bankrupt companies have failed to plug – are left behind to pollute the state, which also has to pay the clean-up costs due to inadequate bonding requirements. At the same time, the pandemic has resulted in revenue shortfalls for our state budget. (State-level data on orphaned wells, estimated clean-up costs)

Feb 01 2021

Tobacco taxes support a healthy future for New Mexico

Alex McCausland2021-10-25T13:02:24-06:00Economic 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

Alex McCausland2021-08-30T15:27:54-06:00Publications, 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 06 2021

New Mexico must step up to help our families who are struggling

Alex McCausland2021-08-30T15:29:52-06:00Economic 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

Alex McCausland2023-06-07T10:06:58-06:00Publications, 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

Alex McCausland2021-08-25T14:54:50-06:00Economic 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 16 2020

Nuevo México debe tomar la iniciativa para ayudar a nuestras familias necesitadas

Alex McCausland2021-08-26T15:14:09-06:00Economic Security Publications, Publications, Tax and Budget Publications|

Fact Sheet 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.

Nov 10 2020

The Working Families Tax Credit will help New Mexico bounce back

Alex McCausland2021-08-30T15:30:43-06:00Economic 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)