Fact Sheet New Mexico now has the ninth most progressive tax system in the nation as ranked by ITEP’s recently updated Who Pays? report on tax incidence. That same report showed New Mexico as making the most progress toward tax fairness in the nation! This fact sheet explains why. (State-level data on effective tax rates by income group.)
Fact Sheet In recent years, increases and expansions of income supports have made a big difference for families who are working their way out of poverty. When the value of these programs are taken into account it is clear that families earning low incomes are receiving the supports needed to help lift them out of poverty in New Mexico. (State-level data on poverty and labor force participation rates.)
Fact Sheet New Mexico gives a big, unnecessary tax break to those with capital gains income. This tax break allows people to deduct 40% of their capital gains income from their state taxes, meaning this unearned income is taxed at a lower rate than the hard-earned wages and tips of ordinary New Mexicans. (State-level data on share of capital gains income by income level)
NM KIDS COUNT Data Book Child well-being is slowly improving in New Mexico, thanks to investments by our lawmakers. This annual report provides data on numerous child well-being indicators related to economic security, education, health, and family and community, and includes policy solutions. New this year are indicators related to environmental health. (State-, county-, tribal- and school district-level data on child well-being.)
Report Research shows that when people are given unrestricted cash payments -- sometimes called guaranteed income (GI) -- they pursue better jobs, complete educational or vocational training, and create stability for their families. This report (available in English and Spanish) looks at how a GI pilot program for immigrant families in New Mexico improved outcomes for participating families. (Programmatic data on well-being for immigrant families.)
Report Children are more susceptible to climate change than adults are and exposure to pollutants can cause life-long problems. There is much the state can do to mitigate climate change and to ensure that New Mexicans have the resources needed to recover from extreme climate-related events like wildfires. (State-level data on greenhouse gas emissions, and other climate-change-related issues.)
Fact Sheet Our state’s policymakers have made several significant improvements to the tax code since 2019 that are helping New Mexicans who earn low and moderate incomes, improving
equity, and increasing economic opportunity for our working families.
State Data Sheet The national 2023 KIDS COUNT Data Book, released annually by the Annie E. Casey Foundation, assesses and ranks the 50 states on 16 indicators of child well-being, which are categorized into four domains – economic well-being, education, health, and family and community. Data for New Mexico show positive long-term changes.
Report Young parents make up a very small share of New Mexico's population and they face unique challenges and barriers to success. This report looks at how this subpopulation is faring. (State-level data on the demographics of parents and young adults on indicators such as economic security, educational attainment, etc.)
Post-session Review Many of the policies enacted during the 2023 legislative session mean big wins for New Mexico's families. This fact sheet lists some of the highlights, along with some policies that were either not passed or were passed and then vetoed.