Lawmakers must stabilize revenue streams and send more help to New Mexicans most impacted by pandemic, recession
By James Jimenez, New Mexico In Depth Jan. 19, 2021 [...]
It’s Time to Repeal This Unfair Tax Giveaway
Fact sheet New Mexico gives a big, unnecessary tax break to those with capital gains income. This tax break allows people to deduct 40 percent 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)
New Mexican Economists Warn: Change Course Now
“All the tax breaks in the world for business aren’t going to make a difference if people don’t have money to spend,” he says. They get more money to spend by working at better jobs. And they get better jobs through better education, and through businesses attracted to a state with better infrastructure.”
Environmental Public Health Group Becomes Program of Child Advocacy Organization
“We are very excited to be welcoming NMEPHN into the NM Voices family,” said James Jimenez, executive director of the child advocacy agency. “Our portfolio of environmental work has increased tremendously over the past several years, so this new partnership makes perfect sense.”
Food insecurity, depression increase in New Mexico, Doña Ana County
New Mexico’s overall food insecurity rate increased from 15 percent in 2018 to an estimated 21 percent in 2020, NMVC said, based on the national nonprofit Feeding America’s “Impact of the Coronavirus on Local Food Insecurity” report.
New Mexico can be all it can be with diversified tax system
Tuesday’s meeting of the Revenue Stabilization & Tax Policy Committee included a sobering reminder of the urgent need to find more stable revenue, but it also provided cause for hope – by reforming an unstable, inequitable tax structure, New Mexico can better serve the state’s children and future.