Good News, Bad News in Aviation
Commercial aviation is one of the most heavily-regulated and taxed industries in the nation. Thus, some new developments that made news this week, could have an impact not only on the industry itself, but on the flying public as a whole.
First and foremost, in a major positive development, the United States and the European Union [...]
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New Mexico not Prepared for “New Economy”
Some New Mexicans, especially those directly involved in promoting economic development are feeling rather proud of themselves. The new Tesla motors plant will be built in Albuquerque and Intel is keeping its plant in Rio Rancho. A new study from the Ewing Marion Kauffman Foundation and the Information Technology and Innovation Foundation (ITIF) may throw [...]
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Gross Receipts Tax Mess
The Rio Grande Foundation loves “teachable moments” in tax policy and that is exactly what happened recently as the New Mexico Senate passed a bill to exempt certain non-athletic events from the state’s gross receipts tax. According to a press release from Senator Rawson’s office: “The Pan American Center at NMSU is having difficulty competing [...]
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Two Great Articles in Today’s (Feb 12) Journal
The first must-read article is Minority Leader Tom Taylor’s excellent discussion of the need for constitutional spending lmits here in New Mexico. Regular readers and followers of the Foundation are undoubtedly aware that we’ve made tax and spending limits the centerpiece of our long-term strategy for transforming New Mexico from an economic weakling [...]
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RGF Making Waves in Albuquerque media
Just in case you regularly check our blog and not our website — or the Journal and Tribune — the Rio Grande Foundation took on some of the misperceptions and problems associated with New Mexico’s gross receipts tax on the pages of the Tribune. In a commentary published in the Journal’s Business Outlook section, Dr. [...]
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Big Bill Sez: Raise Taxes!
Bill Richardson has a lot invested in the Spaceport that has been proposed for southern New Mexico. That’s why he traveled to Las Cruces recently to make the pitch that voters should raise taxes to fund the project. As shaky as the economics of the spaceport really are — did you know that Richard Branson [...]
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Don’t think taxation matters?
Here at the Rio Grande Foundation, we talk a lot about tax policy and the fact that New Mexico’s policies tend to be relatively unfriendly to entreprenuers and business activity in general. Unfortunately, while New Mexico trails its neighbors in most economic indicators, the average person often does not make the connection between overall economic [...]
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Bush’s SOTU Address: Health Care and More
It looks like the first good thing to come out of the Bush Administration in the long term will be his proposal on health care. Basically, he is removing some of the incentives inherent in today’s employer-sponsored system and giving incentives to those who must purchase their own insurance because they are unemployed, their employer [...]
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Republican Leaders Outline Plans for Legislative Session
Rep. Tom Taylor of Farmington (the House Republicans’ floor leader) and Rep. Dan Foley of Farmington (the House minority whip) outlined their plans for the upcoming legislative session in today’s Albuquerque Journal. Specifically they explained what they plan to do with all the excess revenue flowing into the state’s coffers. The Rio Grande Foundation [...]
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New Mexico Sprouts New Credit Claiming
In today’s Albuquerque Journal Rick Homans is claiming that he and the Richardson Administration have created new jobs. It is easy to see the results of government action when it creates government favors for particular interests whether they be movies, spaceports or what not. The people who get jobs as a result of the [...]
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