Invest in New Mexico: Raise revenue for jobs, education, and safety

Do your children or did you attend public school here in New Mexico? Do you drive on our roads? Shower with clean water? Are you thankful that our police and social workers protect our children from predators? If so, you should ask the state to stop budget cuts and to start raising the revenue necessary […]

Invest in New Mexico: Raise revenue for jobs, education, and safety

Do your children or did you attend public school here in New Mexico? Do you drive on our roads? Shower with clean water? Are you thankful that our police and social workers protect our children from predators? If so, you should ask the state to stop budget cuts and to start raising the revenue necessary to fund basic public services.

Here is the problem. In 2002 and 2003, taxes were cut for the well-connected in upper income brackets. In 2013, taxes were cut for out-of-state corporations. These proposals were based on outdated trickle-down economic theories, but they didn’t created any jobs. Instead, the well-connected and corporations have just gotten richer.

These tax breaks didn’t have a huge effect on our state budget when oil and gas prices were high, but, as we all know, prices dropped and continue to drop. We rely on the oil and gas industry to contribute 35% of the state budget and lower prices have left us in the red. That has real consequences for our communities. Here are some examples:

Bill McCamley is a Democratic state Representative from Las Cruces representing District 33.

Education: Public schools budgets have been slashed over the past two years. It has gotten so bad that a Las Cruces High School teacher I know is currently teaching two separate classrooms of students… at the same time. Furthermore, every time we cut funds for state universities, the result is either an increase in tuition rates (UNM has raised theirs 3% last year) or staff lay-offs (NMSU cut 126 positions last year).

Jobs: In a recent listening tour conducted by Democrats around the state, business owners and economic development professionals talked about things needed to build our economy: Broadband internet access, roads, company specific job training, and career technical education (welders, electricians, plumbers, etc) were all mentioned over and over. The state cannot contemplate providing these services without new revenue.

Public Safety: New Mexico leads the nation for untested rape kits. That means victims of sexual assault are not able to get the justice they deserve because we don’t have the money to find out who raped them.

This problem can be solved. We can raise the revenue needed to stop further cuts and avoid another credit downgrade without hurting our ability to create good jobs. Our options include:

  • Getting rid of the ineffective tax breaks for upper income tax brackets. When the well-connected can afford to take unfair advantage of multiple loopholes, the rest of us pay.
  • Asking online companies to pay the same GRT that our small, local stores do. This would close an enormous tax loophole, updating it to reflect the 21st Century economy. It also puts our own business owners on a level playing field with corporate behemoths, such as Amazon.
  • Raising the motor vehicle excise tax from 3 percent to 4 percent. This is a simple across-the-board proposal that still leaves New Mexicans paying considerably less than our neighbors in Arizona and Texas where rates are 5.6 percent and 6.25 percent respectively.
  • Impose a $90 permit tax on heavy trucks subject to the weight distance permit. This is an innovative outside-the-box proposal that would raise money without impacting New Mexico families.
  • Taxing and regulating cannabis like alcohol. It is working wonderfully in other states, like Colorado, which pulled in nearly $150 million in tax revenue last year.

There are other innovative and bold options to raise new money in New Mexico, and House Democrats are working diligently on a balanced approach to making our tax system more modern, simple, and fair. But if we do not change course and all get behind raising revenue for New Mexico, we will continue to face budget cuts and lay-offs for schools and kids, job-creation programs, basic health-care services, cops, and social workers.

And no one should be ok with that.

We're ad free

That means that we rely on support from readers like you. Help us keep reporting on the most important New Mexico Stories by donating today.

Related

Governor to call special session for public safety legislation this summer

Governor to call special session for public safety legislation this summer

Gov. Michelle Lujan Grisham announced that she will call the Legislature into a special session this summer to address public safety legislation that did…
Emily’s List endorses seven candidates for Legislature

Emily’s List endorses seven candidates for Legislature

Emily’s List, a nonprofit that supports women candidates and reproductive rights, endorsed seven incumbents facing general election opponents in New Mexico legislative elections. All…
Equality New Mexico endorses 15 legislative candidates

Equality New Mexico endorses 15 legislative candidates

A New Mexico-based LGBTQ rights organization endorsed 15 candidates for state House and Senate seats for the 2024 elections.  Marshall Martinez, executive director of…
BLM finalizes controversial public lands rule

BLM finalizes controversial public lands rule

The U.S. Bureau of Land Management finalized its controversial public lands rule on Thursday. This rule is controversial because it allows for conservation leasing…
Haaland signs order protecting sacred lands near Placitas

Haaland signs order protecting sacred lands near Placitas

Interior Secretary Deb Haaland signed an order on Thursday to withdraw more than 4,200 acres of land in Sandoval County near Placitas from mineral…
Sandia researchers look at ways to store hydrogen underground

Sandia researchers look at ways to store hydrogen underground

As the world looks to decarbonize, governments are promoting hydrogen, a somewhat controversial energy source, as an important component of that effort. But that…
Amid new graduation requirements, what do high schoolers want to learn?

Amid new graduation requirements, what do high schoolers want to learn?

By Margaret O’Hara, The Santa Fe New Mexican The main things that bring Brayan Chavez to school every day: Seeing, talking to and engaging with…
Special ed teachers hope lawmakers OK pay raises, admin changes

Special ed teachers hope lawmakers OK pay raises, admin changes

By Margaret O’Hara, The Santa Fe New Mexican Brittany Behenna Griffith has a laundry list of adjectives to describe the ideal special education teacher:…
Lawmakers must find consensus on competing education spending plans

Lawmakers must find consensus on competing education spending plans

By Margaret O’Hara, The Santa Fe New Mexican A challenging task awaits New Mexico lawmakers in the next 30 days: Reconciling three very different…
Health workers fear it’s profits before protection as CDC revisits airborne transmission

Health workers fear it’s profits before protection as CDC revisits airborne transmission

Amy Maxmen, KFF Health News Four years after hospitals in New York City overflowed with covid-19 patients, emergency physician Sonya Stokes remains shaken by…
Lujan Grisham, Biden admin announce $10 million in federal funds for tribes, pueblos

Lujan Grisham, Biden admin announce $10 million in federal funds for tribes, pueblos

Gov. Michelle Lujan Grisham announced Friday $10 million in funding from the federal American Rescue Plan Act was awarded to six tribal nations and…
Proposal to curb executive powers moves to House Judiciary

Proposal to curb executive powers moves to House Judiciary

The House Government, Elections and Indian Affairs Committee discussed a potential constitutional amendment that seeks to limit the governor’s executive powers. The committee approved…
Stansbury introduces judicial ethics bill on U.S. Supreme Court steps

Stansbury introduces judicial ethics bill on U.S. Supreme Court steps

U.S. Rep. Melanie Stansbury announced a bill on Thursday that would, if enacted, establish judicial ethics to the U.S. Supreme Court. The Judicial Ethics…
Politics and abortion, how much will it matter?

Politics and abortion, how much will it matter?

At the national level, abortion is still a high-stakes issue with both major presidential candidates talking about it in their campaigns, but it may…
How the AZ Supreme Court decision on abortion impacts New Mexico

How the AZ Supreme Court decision on abortion impacts New Mexico

The Arizona Supreme Court ruled on Tuesday that an 1864 abortion ban is enforceable, throwing another state bordering New Mexico into the situation of…
Politics and abortion, how much will it matter?

Politics and abortion, how much will it matter?

At the national level, abortion is still a high-stakes issue with both major presidential candidates talking about it in their campaigns, but it may…
How the AZ Supreme Court decision on abortion impacts New Mexico

How the AZ Supreme Court decision on abortion impacts New Mexico

The Arizona Supreme Court ruled on Tuesday that an 1864 abortion ban is enforceable, throwing another state bordering New Mexico into the situation of…
The status of the lawsuit New Mexico joined to remove FDA restrictions to mifepristone

The status of the lawsuit New Mexico joined to remove FDA restrictions to mifepristone

While the U.S. Supreme Court considers the future of access to the abortion medication, mifepristone, another lawsuit against the FDA that would expand access…
Vasquez calls out Republicans for ‘inaction’ on border policy

Vasquez calls out Republicans for ‘inaction’ on border policy

U.S. Rep. Gabriel “Gabe” Vasquez, a Democrat who represents the state’s 2nd Congressional District along the U.S.-Mexico border, cosponsored a resolution on Monday calling…
Politics and abortion, how much will it matter?

Politics and abortion, how much will it matter?

At the national level, abortion is still a high-stakes issue with both major presidential candidates talking about it in their campaigns, but it may…
Politics Newsletter: Early and absentee voting

Politics Newsletter: Early and absentee voting

Good morning fellow political junkies! Early and absentee voting for the June 4 New Mexico primary begins in about a month. The nonprofit election…
Sandia researchers look at ways to store hydrogen underground

Sandia researchers look at ways to store hydrogen underground

As the world looks to decarbonize, governments are promoting hydrogen, a somewhat controversial energy source, as an important component of that effort. But that…
American Rivers ranks waters in New Mexico as the most endangered in the country

American Rivers ranks waters in New Mexico as the most endangered in the country

New Mexico rivers are the most endangered in the country, according to the annual report from American Rivers. This is because of two U.S.…

Can the Albuquerque Police Department ever be reformed?

by Joshua Bowling, Searchlight New Mexico In the past decade, reforming the Albuquerque Police Department has cost nearly $40 million and generated 5,600 pages…

GET INVOLVED

© 2023 New Mexico Political Report