128 Bernalillo County Lawsuit and Taxes, Taxes, Taxes

On this week’s discussion episode, Paul and Wally discuss the Foundation’s lawsuit against Bernalillo County over public records relating to the recently-passed paid time off ordinance.

In an opinion piece published in the Albuquerque Journal, the Foundation also argued against a newly-imposed fire tax in Albuquerque that was passed under the radar. Also, the Journal editorialized in a more critical manner than they ever have before on New Mexico’s generous film subsidies. They take issue with the program’s lack of transparency, but this is good news as the media has largely bought whatever Hollywood has been selling on film subsidies.

A new Americans for Tax Reform report finds New Mexico State government is 2nd-largest in the nation and that it actually grew by the 2nd most among US states even during the relatively fiscally-restrained Martinez Administration years of 2012 to 2017. Paul and Wally discuss.

No amount of money is enough for New Mexico’s grasping government. Despite record revenues and growth in government, the State’s top income tax rate looks like it will be heading from 4.9% to 5.9% in a little over one year. Paul and Wally discuss how this impacts small businesses in New Mexico.
[powerpress]