On this week’s podcast discussion Paul and Wally take a closer look at the New Mexico Gross Receipts Tax. Why is this tax so problematic? How does the tax inflict harm on New Mexico’s economy while also encouraging the growth of government? Is momentum building for change? The Albuquerque Journal recently editorialized in support of reform.
With New Mexico luxuriating in billions of dollars worth of oil-generated revenues, it is high time to address this economically-harmful tax.