NMPolitics.net (https://nmpolitics.net/index/tag/economy/page/40/)
We would like to respond to the New Mexico Petroleum Marketers Association’s attack on tribal gas tax agreements. There is no “loophole” as misleadingly stated by Mr. Baca. The tribes tax gas sold on reservations and use the revenue to serve the needs of their members. Continue Reading
Saying education should be exempt from budget cuts, Lt. Gov. Diane Denish on Thursday cast the only vote on the state Board of Finance against cutting most state agency budgets by 3.2 percent. Continue Reading
Daily, reality reminds even the most optimistic among us: The sour New Mexico economy cannot turn around fast enough to avoid even more cuts to state services. Our challenge now is to work equally hard at minimizing the harm from those cuts and at maximizing our economy’s ability to recover. Continue Reading
There are very real differences between the approach I have laid out to turn New Mexico’s economy around and Diane Denish’s. At the end of the day, the differences between my vision and approach and Denish’s define the choice facing New Mexicans. Continue Reading
In his classic “The Road to Serfdom,” F. A. Hayek argues that the pursuit of socialist ideals leads to totalitarianism. Why is it so popular more than 60 years after it was published? I can only surmise that Hayek’s stardom must mean that people are searching for alternative answers to our current economic catastrophe. Continue Reading
UPDATED: State funding for Susana Martinez’s office grew 69.5 percent during the same time period she is using to attack the “Richardson/Denish” administration for “out-of-control” growth of 54 percent. My exploration of Martinez’s stance – that her office’s budget growth was justified but the state’s was not – revealed that budgets are complicated and there are different ways of looking at things. Continue Reading
Theoretically, we are told, new developments will pay for themselves over time. Unfortunately, our depleted public coffers (not to mention our fading historic neighborhoods) have proven that argument false. Continue Reading
Creating jobs is hard work – and in this economy it will take an intense focus – every single day. And it will also take bold and innovative ideas. That’s why I propose a two-prong strategy for long-term job creation and the development of new industries. Continue Reading
$400 million in additional revenue could be generated by closing the tax loophole on gasoline purchased on Native American land alone. Let’s stop hobbling ourselves. Continue Reading
On today’s Meet the Press, David Gregory and Treasury Secretary Timothy Geithner had a candid and even somewhat revealing discussion about the overall state of the economy, as well as specific ways to abet the healing process. Continue Reading
As the executive director of the Santa Fe Alliance, an association that represents locally owned independent businesses in New Mexico, I can testify that reform which gives business owners a fair shake at offering health care to their employees is critical. Continue Reading
The Albuquerque unions and city workers needn’t take the pay cuts personally as though they are being singled out as a group. Raising pay may benefit one group but it may disadvantage many other groups – especially future generations. Continue Reading
Opponents of the New Mexico oil industry would have you believe that state government must intensify the rules on drilling or the water, air and land of New Mexico will be ruined for generations. Not true. Continue Reading
You, the American people, want more jobs. President Obama knows this – and instead of a massive jobs bill, we now have a 2,319-page financial regulatory colossus and the promise of new lobbying positions. Continue Reading
The State Investment Council is playing venture capitalist in trying to pick the winners and losers among business plans submitted by companies. Unfortunately for New Mexican taxpayers it is not so good at that. Continue Reading