Tax Fairness & Budget Adequacy Publications
Fueling an Equitable Recovery
Policy Brief Before COVID-19 hit, New Mexico was moving steadily forward on a path to more broadly shared prosperity. But our over-reliance on revenue from oil and gas extraction put a dent in our economy even before the pandemic and resulting recession. Legislators must enact policies that stabilize our revenue streams while improving racial equity via our tax code. Their best options for doing so are listed in this policy brief.
Tax Policy: A Powerful Tool to Advance Racial Equity in New Mexico
Report Systemic racism isn't accidental - it's the result of public policies that benefit one group while disadvantaging others. Our state and national tax systems have been built to benefit those at the top (who are mostly white) while disadvantaging people of color. This report looks at concrete ways New Mexico can make our tax system more equitable. (State-level data on disparities in income, wealth, home ownership, and tax incidence by race and ethnicity)
Nuevo México debe tomar la iniciativa para ayudar a nuestras familias necesitadas
Fact Sheet El proporcionar ayuda a los más necesitados de nuestras comunidades es una parte esencial para que nuestro sistema tributario sea más equitativo y asegurar que todas/os los nuevomexicanos puedan sobrevivir durante la pandemia y prosperar después.
The Working Families Tax Credit will help New Mexico bounce back
Fact Sheet New Mexico's Working Families Tax Credit has long helped families who work hard but are struggling to make ends meet. Given the crises of the pandemic and its resulting recession, it's time to increase and improve this proven anti-poverty solution. (State-level data on the benefits of this tax credit)
Top 10 signs New Mexico’s oil and gas industry won’t save our state budget
Fact Sheet New Mexico's oil and gas industry is hurting -- and it's not just because of the COVID-19 pandemic. Overproduction and changes in the marketplace have set the industry on a financial decline that began a decade ago. (State-level data on changes to oil and gas production)
Policy, Advocacy, and Child Well-being In New Mexico:
Presentation Created for the NM Public Health Association's annual conference, this presentation looks at the intersection of state tax and budget policies with social determinants of health. It gives examples of evidence-based policy solutions that promote racial justice and some tips on how to participate in policy and budget decisions that improve outcomes for kids. (State-level data on some impacts of the COVID-19 pandemic)
2020 Special Session Budget Summary
Fact Sheet The New Mexico Legislature was called into a special session on June 18 in order to address revenue shortfalls in the state budget due to the COVID-19 pandemic, economic downturn, and the global drop in oil prices. Although Congress had passed legislation to help the states, New Mexico still had to trim the budget lawmakers had passed in January 2020 by $580 million. This fact sheet shows what got cut and by how much.
Taxing groceries would make New Mexico’s food insecurity problem worse
Fact Sheet Despite the state having high rates of food insecurity, some lawmakers still talk about bringing back the tax on groceries. This may become an especially easy target as lawmakers look to replace state revenue that has been wiped out due to the COVID-19 pandemic, economy downturn, and drop in oil prices. Here's why they shouldn't. (State-level data on child food insecurity, SNAP usage, and more.)
How the Federal COVID-19 Response Impacts New Mexico: Health Care
Fact Sheet (eighth in the series) Health care should be universally available in a global pandemic. While the U.S. still seems to be years away from joining the rest of the wealthy nations in guaranteeing this basic right, Congress did approve some financial assistance to states for their Medicaid programs. (State-level data on rates of uninsurance and Medicaid enrollment)
How the Federal COVID-19 Response Impacts New Mexico: Unemployment Insurance
Fact Sheet (fifth in the series) The safety measures put in place across the nation to slow the spread of COVID-19 have led to massive worker layoffs. This has, in turn, overwhelmed the ability of most states to keep up with unemployment insurance claims. This fact sheet looks at how the stimulus passed by Congress will help New Mexico's laid-off workers. (State-level data on unemployment)