New Mexico has already been lowering tax rates for the vast majority of its residents over the past several years. Increased and improved tax credits have returned hundreds of millions of dollars to families over the past few years alone. The state has also lowered the gross receipts tax rate, which benefits us all, including small businesses. And just this past session, lawmakers lowered personal income tax rates for everyone.
Santa Fe New Mexican--Our families deserve more than financial survival. We deserve to thrive. Next year, 2025, will be a powerful chapter of our story, 20 years in the future, in which we tell the story of how we made New Mexico the best place to be a kid. We did it by supporting the people who love them most: moms.
Santa Fe New Mexican--This Tax Day, we all have much to be thankful for as we consider the bounty of public goods and services that are made possible with our tax dollars. These include a school system, the roads, first responders, our parks, libraries, museums and so much more. This year, we have even more to be thankful for. That’s because in the last few years our state has made the most improvement in the nation in making our tax system more fair, equitable, and racially just.
Another legislative session is behind us and while this was budget-only, 30-day session, there is still plenty to celebrate for families and children. Read about the highlights here.
Santa Fe New Mexican--We support the proposed 3% tax because it’s a fair solution that asks those with plenty to help ensure all Santa Fe families and children have opportunities to thrive in the community they call home. The proposed 3% tax will generate an estimated $6 million per year to support working families in finding homes in Santa Fe, building wealth and raising their children here.
During the height of the COVID-19 pandemic, economic assistance policies like the expanded federal Child Tax Credit resulted in a record decline in child poverty. Now, with the end of COVID-era assistance, the nation saw a record increase in child poverty – clearly showing us that poverty is a policy choice.
Rio Rancho Observer--New Mexico’s children deserve every opportunity to thrive and reach their full potential. With the critical funding our Legislature appropriated, these programs will reduce childhood poverty and improve educational outcomes for children. They will also expand economic opportunities for families across New Mexico. And we know that kids do better when families have the resources they need.
Las Cruces Sun-News--The fact is, New Mexico has made some extraordinary headway in improving opportunities for kids in recent years. Some of it’s made nationwide headlines. Our investments in child care assistance, voter-approved expansion of early childhood services, and child-focused tax policy improvements all received national accolades.
Albuquerque Journal--By creating a rental database, Albuquerque would be able to gather data about the city’s residential rental market, improve communications between the city and landlords, and protect the health and well-being of rental occupants.
Another Tax Day has come and gone, which makes it a great time to mention some of the improvements our state leaders have made to our tax system over the last several years. The big news is the creation and expansion of our Child Tax Credit, which we know is one of the best and most effective ways to help our families and their growing children.