Bill Jordan spoke at the Second Annual People's Rally. His comments are posted here. "Our years of austerity just so that the rich and well-connected can get tax cuts ― those days are over! It’s time for us to invest in what works. It’s time to invest in New Mexico."
We seem to finally have crawled out of the revenue ravine, and some legislators want to place us back on the edge of that same fiscal precipice? Sounds suicidal.
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.
In the final part in our series on the just-passed federal tax reform, Raphael Pacheco takes a look at how the legislation may impact New Mexico's budget. (Spoiler alert: it's not good.)
In Part 1 of our blog series, Raphael Pacheco gave us an overview of the federal tax bill. Now in Part 2, he gets down to the nitty-gritty and how the various provisions of the tax bill may impact you.
The long-awaited federal tax reform is now law. So what does it mean for you and your family? Researcher and Analyst Raphael Pacheco takes a look in this first installment of a three-part blog.
When it comes to the census, it pays to be counted. The next big census is less than three years away, and a lot is at stake for New Mexico. Besides being used to determine voting districts, data from the 2020 census will translate to almost $3,000 coming into the state per person, per year for the next decade.
We should be very clear: what Trump and Republican leaders in Congress are proposing is not tax reform. Trump has touted it as a recipe for job creation and economic growth but its naked favoritism for the wealthy will do nothing to promote either.
Kansas just wrapped up a 5-year experiment in governance from which the other 49 states can now glean some important lessons. The Kansas Legislature has voted to roll back much of the 2012 package of tax cuts that sent the state into a downward spiral of financial instability and weakened the Kansas’ public schools, universities, Medicaid program, and virtually everything else that the state funds.
Bipartisan collaboration and, more importantly, time and responsible leadership are required to undertake tax reform this large. Please, governor, stop taking us for a ride and do your job.