Apr 08 2019

Policy, Advocacy, and Child Well-being in New Mexico

2019-05-08T12:00:53-06:00Economic Security Publications, Health Publications, Publications, Tax and Budget Publications|

Presentation Most people do not associate taxes with health, but there is a definite connection -- and it goes beyond raising enough revenue to pay for health care programs like Medicaid. What we tax, who pays the most, and who benefits are all aspects that impact a family's financial security, which in turn, impacts where they can live, what kind of food they can afford to purchase, and more.

Jan 21 2019

Tax and Jobs Analysis of San Juan Generating Station Closure

2019-01-22T10:42:26-06:00Publications, Tax and Budget Publications|

Report The San Juan Generating Station in Waterflow, New Mexico, is slated for closure in 2022. Closure of both the mine and plant will eliminate approximately 450 jobs and result in the loss of tax revenue for San Juan County, San Juan Community College, and the local school district. This analysis shows that the complex is a good candidate for redevelopment as a solar photovoltaic plant, saving jobs and tax revenue.

Jan 20 2019

A new Child Tax Credit would put us on the road to a stronger New Mexico

2019-02-13T11:58:14-06:00Economic Security Publications, Education Publications, Health Publications, Local Data, Publications, Racial and Ethnic Equity Publications, Tax and Budget Publications|

Fact sheet New Mexico’s tax system is upside down—most New Mexico families pay more than twice the rate in state and local taxes than the wealthiest pay. A new state-level Child Tax Credit would help hard-working families and make our tax system more fair. (State-level data on how this tax credit would benefit families)

Jan 19 2019

A tax rebate that’s long-overdue for an expansion

2019-01-30T12:10:00-06:00Economic Security Publications, Publications, Tax and Budget Publications|

Fact sheet The Low Income Comprehensive Tax Rebate (LICTR) was enacted to make our tax system fairer but because it hasn’t been updated in 20 years, it no longer does the job. LICTR was last amended in 1998. Over the last two decades, the rebate has lost much of its value, because a dollar is worth much less today that it was back in 1998. Over the same time period, our tax system has only gotten more regressive – falling even harder on those with the lowest incomes.

Dec 13 2018

New Mexico Should NOT Tax Food

2019-05-31T11:17:44-06:00Health Publications, Local Data, Publications, Tax and Budget Publications|

Infographic/fact sheet Some legislators have introduced bills that would put the state's sales tax (the gross receipts tax, or GRT) on food purchased at the grocery store. This is a bad idea -- even if it's done as part of an effort to lower the overall GRT rate. With New Mexico's high rates of food insecurity and poverty, a tax on food will hurt even those families who receive SNAP, because these benefits are not intended to meet a family's entire food need. (State-level data on food insecurity, SNAP usage, trade-offs families must make, and an opinion poll on the issue) Food Tax, 2018

Nov 08 2018

It’s time to repeal the capital gains deduction

2018-11-28T15:44:32-06:00Economic Security Publications, Local Data, Publications, Tax and Budget Publications|

Fact sheet A big tax break enacted in 2003 overwhelming goes to the highest-income earners – the people who are already paying the smallest share of their income in state and local taxes. It costs the state tens of millions of dollars a year and means that unearned income is taxed at a lower rate than money earned from wages. (State-level data on income levels, etc., of those that receive this tax deduction)

Oct 23 2018

Know the Numbers

2018-11-28T15:40:37-06:00Economic Security Publications, Publications, Tax and Budget Publications|

Fact sheet New Mexico's annual budget has not kept up with inflation or population growth -- so we're expecting our schools, hospitals, first responders, and more to do what they've always done but with less money. This fact sheet looks at some of the ways the state could raise the revenue it needs to make the necessary investments while making our tax system more fair for hard-working families.

Oct 23 2018

Investing in a Healthier New Mexico

2018-11-28T15:42:41-06:00Economic Security Publications, Health Publications, Local Data, Publications, Tax and Budget Publications|

Report The Medicaid expansion, as part of the Affordable Care Act, has been very good for New Mexico. Not only are tens of thousands of New Mexicans able to access health care, the program has brought billions into the state that has created thousands of jobs, economic activity, and tax revenue. (State-level data on the number of jobs created, economic activity, and tax revenue as a result of the expansion)