tax overhaul

Martinez backs congressional tax overhaul efforts
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Gov. Susana Martinez joined 20 Republican governors in support of federal tax cuts. The letter to Senate Majority Leader Mitch McConnell, R-Kentucky, and Speaker of the House Paul Ryan, R-Wisconsin, didn’t advocate for either plan passed by the House or Senate, but instead called for general principles in a tax overhaul. The House and Senate each passed different plans, necessitating a conference committee for the two to reconcile language. The narrow Republican majority complicates the measure, as does the House Freedom Caucus, a bloc of hardline conservative Republicans in the House, including New Mexico’s Rep. Steve Pearce. They touted tax cuts made since 2011, and the economic growth they say the cuts caused.