Lawmakers pleased with budget, less so with other issues

The good: Tax breaks for energy superstation Tres Amigas. The bad: No driver’s license or education reform. The ugly: “The leadership (state Legislature) knows how to use procedure to get what they want and once again thwarted the will of the majority of New Mexicans.” — Rep. Dennis Roch, R-Texico. Those are the conclusions of […]

Nixing state income tax boosts opportunity

If the classic 1940 movie “Grapes of Wrath” were remade for 2012, the Joad family would be trekking, instead, from California to Oklahoma. Based on the 1939 novel by Californian John Steinbeck, the movie showed the Joads suffering through the 1930s Great Depression and Dust Bowl in Oklahoma, then striking out for the Golden State […]

Lawmakers confident in support for tax break bill

Alisa Boswell State tax breaks for corporate electricity, which could affect companies such as Tres Amigas, could definitely be in New Mexico’s future, according to local state representatives. Rep. George Dodge, D-Santa Rose, said House Bill 116, which allows deductions in gross receipt taxes on corporate electricity, was recently passed the Business and Industry Committee […]

Officials hope measure will keep Tres Amigas headquarters in state

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Alisa Boswell State officials are pushing a new legislative bill that would change tax laws because they believe it will encourage Tres Amigas to build their headquarters in eastern New Mexico rather than west Texas. Tres Amigas is planning to build a power grid near Clovis that will connect North America’s two major power grids […]

Press release: Roch bill gives tax break to retired military

Military retirees in living in New Mexico may see their state income tax burden reduced under a bill introduced this week in the State House by Representative Dennis Roch (R-Texico). House Bill 162 proposes to exempt twenty-five percent of a retiree’s military pension income from the state’s personal income tax, with that percentage increasing to […]

Their view: Payroll tax cut would spur economy

James Bostwick, state committee chairman for the New Mexico Farm Service Agency, offers this view on the payroll tax cut being extended:

Their view: New Mexicans tax returns due on Monday

The IRS says time is up for 73,500 New Mexicans whose 2010 tax returns are due and E-file ends:

Obama’s tax campaign has no credibility

Freedom New Mexico Yes, President Barack Obama, it is time to panic. Advice to “panic” was given to Obama by close ally James Carville, former advisor to President Bill Clinton, after Republicans won the special election in New York’s ultra liberal Ninth District this month with a candidate who ran an anti-Obama campaign. The Ninth […]

Their view: Tax credit would benefit rural businesses

John Crabtree of the Center for Rural Affairs offers his view on tax credits for rural businesses.

Obama plan over-taxes wealthy

Freedom New Mexico President Barack Obama wants to correct government overspending by over-taxing. He is proposing a combination of cuts and tax increases, the latter accomplished by setting his sights on those earning $250,000 and up. We’ve heard Obama’s class warfare rhetoric before. That may be why the president deemed it necessary to deny the […]