NMPolitics.net (https://nmpolitics.net/index/tag/economy/page/33/)
The recent article by “John Adams” promotes two pieces of misinformation. First, it claims that large out-of-state corporations do not pay corporate income tax on the income earned in New Mexico. Second, it claims that small local businesses suffer unfair competition because they do pay such taxes. Continue Reading
If America is to survive this severe economic downturn, we will need to retrench and spend more money at home, but it is shortsighted of us to pull the plug on foreign aid when American companies are benefiting from the orders. Continue Reading
One of the more difficult votes during the recently concluded legislative session was on Rep. Mimi Stewart’s attempt to address projected shortfalls in the PERA and ERB retirement funds – shortfalls that could potentially exceed $15 billion by 2016. Continue Reading
“The economy forced legislators to cut spending,” Sen. Campos wrote recently. No, it was highly paid lobbyists for the richest New Mexicans and out-of-state corporations who forced the Democratic majority to cut spending and not raise revenues. Continue Reading
N.M. taxpayers will be the ultimate winners if the Legislature and governor stop competing against each other and start competing against other states for revenue and jobs. Continue Reading
This session I sponsored legislation to allow my colleagues an avenue by which they could support and fund our public schools without raising taxes, and to allow the citizens of New Mexico the chance to vote on their support for our public schools. It didn’t pass, but there’s time to try again next year. Continue Reading
In the legislative session that just ended, “lawmakers voted to increase the pension contributions of just about everybody else in state government but themselves. They let a bill to increase their own retirement contributions die,” The Albuquerque Journal is reporting. Continue Reading
This year’s legislative session will be remembered as one of the most difficult in years, as the economy forced legislators to cut spending for the third year in a row. Continue Reading
The House shifted gears Thursday and voted to approve Senate changes to a bill that would require public employees to pay more for their pensions, sending Gov. Susana Martinez a funding bill that balances the budget. Continue Reading
The House refused early today to concur with Senate amendments to a bill that would require public employees to pay more for their pensions. That leaves the state $111 million short of balancing its budget, though there’s still time to resolve the issue before the session ends. Continue Reading
Since the Legislature doesn’t archive its webcasting, I decided Wednesday night to record the House debate on three important bills – the primary appropriations bill and legislation that would cap film incentives and increase public employee pension contributions. Watch it here. Continue Reading
During a late-night session that stretched into the early hours of this morning, the Senate approved the budget and other financial bills. Continue Reading
The House approved a bill that would change retirement plans for future public employees and current workers with less than five years of service – though it would exclude law enforcement officers from the changes. Continue Reading
Public information belongs to the public, and it shouldn’t be sold for profit by the government. But that’s exactly what the state is doing with its electronic database of driver’s records. Continue Reading
The explosion of income and wealth among New Mexico’s richest, the dramatic drop in their personal state income tax rates, our state lawmakers’ budget cuts for the past three years, the cutting of public services, and the cutting of education for the middle class, working poor, and poor are coming home to roost. Continue Reading