Mar 18 2017

Food, prescriptions should remain tax-free

2024-04-04T16:59:11-06:00Health News Coverage, News Coverage, Tax and Budget News Coverage|

Albuquerque Journal--Last week the New Mexico House of Representatives voted unanimously to remove the food tax from House Bill 412, the most comprehensive tax reform legislation in a generation. New Mexico’s gross receipts or sales tax system is a mess. It is undermined by 383 loopholes, exemptions and deductions for a grab bag of things ranging from fuel for space vehicles to professional boxing matches to recreational vehicle sales. Rep. Jason Harper, R-Rio Rancho, has been thoughtfully leading the fight to close these and dozens of other loopholes and to use the resulting revenue to reduce overall tax rates.

Mar 17 2017

Cigarette tax to increase funding for schools dies in Tax and Revenue Committee

2024-04-04T16:59:50-06:00Education News Coverage, News Coverage, Tax and Budget News Coverage|

Silver City Sun-News--The Tax and Revenue Committee in the New Mexico House of Representatives today defeated legislation by a vote of 9 to 5 that would have provided public schools a needed funding increase of $89 million per year by increasing the state’s cigarette tax by $1.50. SB 231, sponsored by Senator Howie Morales of Silver City, would have directed the new revenues to strengthen New Mexico’s K-12 classrooms. Those funds are needed to prevent looming cuts of 5% to 7% across the board to classrooms and higher education institutions if no new revenues are enacted. Two Democrats on the panel voted with Republicans to table the measure, which is now effectively dead for the session.

Mar 16 2017

Sponsor: tax reform bill should aid families

2024-04-04T17:00:29-06:00News Coverage, Tax and Budget News Coverage|

Albuquerque Journal--Rep. Jason Harper’s sweeping tax reform proposal – viewed by many as part of a possible compromise in the budget debate – deals with corporate income tax, business-to-business tax “pyramiding” and disbursement of the liquor excise tax, but its treatment of the food tax might be its most disputed element. The bill, sponsored by the Rio Rancho Republican and co-signed by Democratic Sens. John Arthur Smith of Deming and Carlos Cisneros of Questa, proposed reinstating the gross receipts tax on food for most New Mexicans.

Mar 11 2017

Budget, tax bill closer to reaching governor’s desk

2024-04-04T17:00:55-06:00News Coverage, Tax and Budget News Coverage|

Santa Fe New Mexican--The New Mexico Legislature came closer Saturday to sending Gov. Susana Martinez a budget for the upcoming fiscal year, as well as a $300 million tax package. The Senate passed House Bill 2, as well as HB 202, which could raise more than $300 million — depending on which new taxes and fees are signed and which are vetoed by Martinez, a Republican who repeatedly has vowed never to raise taxes.

Mar 10 2017

Advocates: New Mexico Lawmakers Stall Anti-Poverty Efforts

2024-04-04T17:01:33-06:00Economic Security News Coverage, Education News Coverage, News Coverage, Tax and Budget News Coverage|

Associated Press--Advocates are complaining that the Democratic-controlled New Mexico Legislature isn't doing enough to tackle poverty in one of the nation's poorest states. With a week left in the 60-day session, they are warning that brushing off of proposals such as strong payday loan reform and the expansion of early childhood education could deepen poverty in New Mexico. But Democrats on Friday defended their efforts to craft a state budget and support raising the minimum wage, saying such measures embody their concern for New Mexico's poor.

Mar 04 2017

Food tax will hurt state’s poor

2024-04-04T17:02:48-06:00Health News Coverage, News Coverage, Tax and Budget News Coverage|

Albuquerque Journal--An op-ed was published recently that urged support for legislation that would re-impose the tax on food as part of a reform of the state’s gross receipts tax, our GRT. This could have a very harmful impact on poor and low-income families, despite the arguments made to the contrary. The op-ed brought up some commonly misunderstood issues relating to the Supplemental Nutrition Assistance Program (SNAP) – or food stamps – but it left out a big part of the story.

Feb 21 2017

Budget Crisis Hits New Mexico Classrooms

2024-04-04T17:05:41-06:00Education News Coverage, News Coverage, Tax and Budget News Coverage|

KUNM FM--In January, Governor Susana Martinez signed off on a plan to use $46 million from public schools' cash reserves to fill part of this year’s budget gap. Education spending in New Mexico still hasn’t recovered from the 2008 recession, and as oil and gas revenues continue to stagnate, schools are bracing for more cuts.

Feb 15 2017

Communities brace for cuts if Congress kills BLM rule

2024-04-04T17:08:56-06:00News Coverage, Tax and Budget News Coverage|

E&E News--Communities near federal lands that are being mined for oil and gas fear that Congress could be on the verge of trashing a lifeline for strained state coffers. If the Senate votes to repeal the Bureau of Land Management's Methane and Waste Prevention Rule, states, tribes and federal taxpayers could lose out on millions of dollars in annual revenue that goes to support social services, higher education and other needs, local officials say.

Feb 15 2017

Tax loopholes are in the eye of the beholder

2024-04-04T17:09:44-06:00News Coverage, Tax and Budget News Coverage|

New Mexico In Depth--Republican Gov. Susana Martinez continues to say we need to tighten our belts rather than raise taxes in order to solve our current fiscal crisis. “She will not raise taxes,” Chris Sanchez, the governor’s spokesperson, told New Mexico In Depth this week. Democratic Senate Majority Leader Peter Wirth, however, told the Santa Fe New Mexican this weekend the state can’t endure any more cuts and he is joined by lawmakers who favor raising new tax revenue to balance the budget and replenish the state’s reserve fund.

Feb 08 2017

Our View: Tax fairness good for New Mexico

2024-04-04T17:10:10-06:00News Coverage, Tax and Budget News Coverage|

Santa Fe New Mexican--Good for Republicans and Democrats in the state House of Representatives. They understand that New Mexico needs additional revenue to do the work of government, and more importantly, the state’s small business owners deserve a level playing field to compete with big, out-of-state online retailers. A solution to both challenges is collecting gross receipts taxes from giant internet retailers such as Amazon or eBay.

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