Community Voices

Congressional tax plan will hurt NM student success and put educator’s jobs at risk
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The multi-trillion-dollar tax plan proposed by Republican leadership in Congress is a $5 trillion giveaway to the super-wealthy and corporations that will blow a hole in public-school budgets, hinder our ability to provide students with a good education, and put educators’ jobs at risk. By eliminating the state and local tax deduction (SALT), the Senate bill would blow a $370 billion hole in state and local revenue over 10 years and put at risk the jobs of nearly 370,000 educators. A state-by-state breakdown of the impact is available on this table. For New Mexico, the tax-plan could deal a devastating blow to school improvement efforts aimed at improving student success for our students. It means a loss of $650,593 over the next ten years in federal support our own taxpayers will have to make up for to avoid these cuts to our already-underfunded schools.