Tax and Budget Publications

Apr 30 2020

Essential but Excluded

Alex McCausland2021-08-20T09:21:57-06:00Economic Security Publications, Local Data, Publications, Racial and Ethnic Equity Publications, Tax and Budget Publications|

Report Despite the fact that immigrants work, pay taxes, and are a vital part of our economy, many were left out of the relief packages Congress passed to help blunt the coming recession and assist displaced workers and small business owners. Not only is that harmful to many New Mexico children and families, it also will impede our ability to rebuild our economy. (State- and some county-level data on selected demographics, and state-level data on immigrant tax contributions)

Mar 12 2020

It’s Time to Repeal the Capital Gains Deduction

Alex McCausland2021-08-26T15:21:23-06:00Publications, Racial and Ethnic Equity Publications, Tax and Budget Publications|

Policy Brief New Mexico is one of just nine states to effectively tax capital gains less than the wages and salaries earned by hard-working New Mexicans. Beginning in 2003, those with capital gains income – who are overwhelmingly the wealthiest in New Mexico – were allowed to deduct 50 percent of their capital gains from their state income taxes. In 2019, legislators reduced the amount to 40 percent.

Feb 07 2020

Early Childhood Education Helps All Kids Thrive

Alex McCausland2021-08-26T11:21:50-06:00Economic Security Publications, Education Publications, Local Data, Publications, Tax and Budget Publications|

Policy Brief All New Mexico children deserve to have the opportunities in their most formative years that will help them to thrive and succeed in life. Unfortunately too many kids in New Mexico lack access to such opportunities either because their hard-working families cannot afford them or programs are simply not available in their communities. (State-level data on child and family poverty, and child care costs)

Jan 29 2020

Ensuring New Mexico’s Kids Have Enough to Eat

Alex McCausland2024-03-19T15:05:32-06:00Economic Security Publications, Health Publications, Local Data, Publications, Tax and Budget Publications|

Fact Sheet New Mexico children face major challenges when it comes to having enough food to eat, but there are common-sense policy solutions that we can take to end food insecurity and improve children's health, well-being, and opportunities to reach their full potential. (State-level data on childhood food insecurity)

Jan 28 2020

Expanding New Mexico’s Best Anti-Poverty Program

Alex McCausland2021-08-25T15:16:08-06:00Publications, Racial and Ethnic Equity Publications, Tax and Budget Publications|

Policy Brief These tax credits reduce poverty, improve outcomes for children, and incentivize employment for workers earning low incomes. A growing body of research shows that tax credits like the EITC and WFTC improve the health and well-being of the families and children who receive them.