RGF Discusses Alternatives to Carlsbad Tax Hike

I was away for the Labor Day Holiday this weekend and was without internet access and thus not blogging. Summer has reached its unofficial end, so we are back to work and back to blogging.
Last week I weighed in on a tax increase that voters in Carlsbad will face in just a few weeks. This [...]

Thank you Dan Foley

The special session ended with a whimper instead of a bang this week. This means that the career of one of New Mexico’s staunchest conservatives ended as well. While Rep. Foley certainly made enemies among Democrats and some conservatives (enough to unseat him in a primary earlier this year), he also had the courage to [...]

Tax Rebate or Income Redistribution?

I have publicly supported Governor Richardson’s plan to use this special session to give tax rebates to New Mexicans. Under the Governor’s original plan:
New Mexico families would receive an income tax rebate from the state of between $150 and $75. Those with family incomes below $60,000 and no children would receive $150 while families making [...]

Could it happen here?

Massachusetts developed a bad reputation as “Taxachusetts” back in the 1980s. This November, voters in that state will have be voting to completely eliminate that state’s 5.3% income and wage tax, as well as the state capital gains tax, which reaches as high as 12%. The ballot initiative would replace the $12.5 billion in taxes [...]

Debunking Santa Fe’s Proposed Real Estate Transfer Tax

Residents of Santa Fe will vote next spring whether or not to impose higher taxes. According to the New Mexican, the tax would work as follows:
When a house is sold for more than $750,000, the buyer would be responsible for paying a fee that represents 1 percent of any amount over $750,000. For example, [...]

RGF Income Tax Study Getting National Attention

The Rio Grande Foundation recently made the case for eliminating New Mexico’s personal income tax. While the study received a great deal of attention throughout New Mexico, recently the study has received attention around the nation.
The Georgia Public Policy Foundation included a link to our study in that organization’s “Friday Facts” memo. Also, the Tax [...]

Santa Fe Voters Likely to Face Vote on Real Estate Transfer Tax

Housing in Santa Fe could get even more expensive if voters in the City approve a new real estate transfer tax. With a majority of Councilors having expressed support for the plan, a special election Aug. 19 to decide the matter is inevitable.
The plan which would levy a 1 percent fee on homes that sell [...]

Lone star Commissioner saves Santa Fe County residents from possible double taxation

Santa Fe County Commissioner Jack Sullivan was fighting the majority, according to The New Mexican (Official fights planned tax hike, Apr. 29, 2008), when he proposed that Santa Fe County drop out of the Transit District, which includes Santa Fe, Taos, Los Alamos, and Rio Arriba counties. The Transit District is trying to impose [...]

The FairTax

Jim Scarantino wrote about the FairTax recently in The Alibi. While I did not really disagree with anything that Jim said, I think free market conservatives and libertarians are misplacing their energies by focusing on tax reform. The letter which was published in the most recent edition of The Alibi
I read Jim Scarantino’s article [...]

Eliminating New Mexico’s Income Tax

While most economists understand the economic benefit of reducing or eliminating income taxes, not many states have real-world data to show how income tax cuts would impact their own economies. New Mexico, however, is one state with recent experience with significant income tax cuts. Between 2003 and 2008, New Mexico reduced its top personal income [...]

Capitol Report New Mexico
New Mexico Watchdog


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