Corporate tax debate has been misleading

The characterization of combined reporting being spread by proponents – that it will eliminate a loophole that permits large, multi-state corporations to shift income earned in New Mexico to other, more tax-friendly states — omits the principal features of combined reporting, misstates the tax liability of local companies and exaggerates the likely state revenue impact of combined reporting. Continue Reading

Shared sacrifice

Everyone, from state workers to educational employees to millionaires to out-of-state corporate giants, needs to realize we’re in a genuine crisis. Sacrifice is going to be needed from everyone, but if we’re smart about how we cut, we can preserve many of the public safety, health and educational gains over the last seven years. Continue Reading

Does October 6=November 2?

The big question in the aftermath of the Oct. 6 Albuquerque municipal elections is whether the GOP mayoral and city council wins are a precursor to the Nov. 2, 2010 statewide elections. While there are certainly some lessons that are relevant to statewide matchups, there are also significant differences. Continue Reading

The captain’s take on hometown politics

I believe the current budget deficit can be solved through increased operational efficiencies that every state agency is more than capable of identifying, auditing the current budget for unspent reverted funds, delaying some discretionary capital outlay projects and decreasing the rainy day fund by 1 to 2.5 percent. Continue Reading