Next weekend will be tax free

PNT Staff Report New Mexico students are getting ready to go back to school. But first they’re getting ready to go shopping for back-to-school supplies. And this weekend, those back-to-school purchases will be tax free. This Friday, Saturday and Sunday will mark the fourth year for the tax holiday. Gov. Bill Richardson said in a […]

Tax deadline is Tuesday

By Helena Rodriguez, PNT Staff Writer Post offices around the country will be postmarking income tax returns up until midnight on Tuesday, helping last-minute filers make the April 15 federal tax filing deadline. “We won’t be open until that time, but we’ll make sure that anything dropped into our mail drop until midnight gets postmarked. […]

Mom’s tax return filed for free

By Helena Rodriguez, PNT Staff Writer When my daughter Laura was a toddler, she would say, “When I grow up, I’m going to smoke cigarettes and do income taxes like grandma!” Laura would sit on the couch next to Mom, with one of Mom’s calculators in hand, and wearing play reading glasses, she would scribble […]

Tax rebate Q&A

If you’ve paid attention to the news lately, chances are you’ve heard about the economic stimulus law that Congress and the President have passed. Starting in May 2008, the U.S. Treasury will send out money to more than 130 million people. You may be wondering how the law will affect you. Who’s eligible? To receive […]

2-17-08 Local Briefs

MS group to meet An area Multiple Sclerosis self-help group will meet at 6:30 p.m. Tuesday in the Caduceus Room at Plains Regional Medical Center, 2100 N. Martin Luther King, Clovis. Dr. Oswald Graham is the guest speaker and will be addressing nutrition. Information: Panhandle Division of the National Multiple Sclerosis Society at 806-468-7500 or […]

Republican presidential candidate profiles

Rudy Giuliani Considering what’s most agreeable and most egregious about Rudy Giuliani’s candidacy, we find some of his positions would advance freedom while others give us considerable pause. Most agreeable are his promises to “restore fiscal discipline and cut wasteful Washington spending,” cut taxes and reform the tax code. Washington’s most concerted assaults on freedom […]

Democratic presidential candidate profiles

Editor’s note: The following profiles of presidential candidates are intended to help voters decide whether individual freedom will advance or retreat if the candidate is elected. Hillary Clinton A Hillary Clinton presidency poses substantive threats to individual freedom. Her statist approach would injuriously intrude into nearly every aspect of life. Clinton would have the government […]

Some uncertain economic stimulus package would help

By Kevin Wilson: Freedom New Mexico It’s still up in the air whether the United States is heading for a recession. Likewise, it’s in the air if rumored stimulus packages would do anything to slow or stop one. President Bush on Friday pushed for an economic stimulus package, consisting of as much as $150 billion […]

Free tax help offered

Cannon Air Force Base Yes, it’s that time of year again: tax season. However, completing and filing your tax forms can be painless, simple and free at the Cannon AFB Tax Office. The Tax Office will open for this year’s season Jan. 28 and remain open through April 15. They will begin scheduling appointments Jan. […]

Some AMT forms delayed

Cannon Air Force Base The Internal Revenue Service announced that the upcoming tax season is expected to start on time for everyone except certain taxpayers potentially affected by late enactment of the Alternative Minimum Tax AMT “patch” passed in late December by Congress. The February delay caused by the AMT patch will affect taxpayers using […]

Jan. 10, 2008 Local Briefs

Textbooks available for public review Teachers, parents, and other community members are invited to review and comment on the proposed Education Career Technical, Adult Basic Education and Driver Education textbooks approved for adoption by the State of New Mexico’s Department of Education Instructional Material Bureau. The textbooks are available for examination at the Instructional Resource […]

Tornado blasts area in 2007

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By Karl Terry: PNT Managing Editor Editor’s note: The following is the first of four stories reviewing the top news of 2007. This installment deals with January, February and March. The first three months of 2007 were dominated by newsmaking weather and homicide headlines that gripped Roosevelt County. Perhaps the story of the year for […]

New tax system worth considering

Editorial GOP presidential candidate Fred Thompson has proposed an interesting tax reform. It’s not a “flat tax” because it has two rates — 10 percent and 25 percent — but it might simplify the tax code. The idea of a flat-rate tax system — all incomes would be taxed at the same rate and, beyond […]

Proposed tax increase could mean trouble for those in all brackets

Editorial Democrats say it will restore equity and fairness while Republicans say it’s the biggest tax increase in history, $3.5 trillion over 10 years. The brainchild of House Ways and Means Committee Chairman Charles Rangel, D-N.Y., would juggle $1 trillion in tax cuts and tax increases to shift burdens and relief. The so-called tax “reform” […]

Internet tax would only slow progress

Freedom New Mexico Congress has an opportunity to permanently ban Internet taxes, but it had better act fast. The temporary moratorium instituted in 1998 and extended twice since then expires Nov. 1. We hope Congress has the courage to take advantage of its opportunity, but if lawmakers are tardy, prepare to see a feeding frenzy […]

Government proposals will hinder market

Editorial T he House of Representatives voted last week to impose $16 billion in new taxes on the oil industry and give away billions of dollars in tax breaks for so-called “renewable” energy schemes. The proposals will only drive energy costs higher, while limiting availability and giving foreign oil producers more sway in the U.S. […]

Shoppers take advantage of tax-free weekend

By Tony Gutierrez: Freedom Newspapers Eastern New Mexico residents filed into stores Friday and Saturday to take advantage of the state’s third annual tax-free holiday. The weekend provides a chance for New Mexicans to buy school supplies for less than $15, clothing (including shoes, but excluding specialty items such as football pads) less than $100, […]

Tax-free holiday begins Friday

By Mickey Winfield: PNT staff writer Parents of school-aged children and New Mexico shoppers in general will be able to take advantage of the third annual state-wide tax holiday this weekend. The tax holiday begins Friday and ends Sunday and nontaxable items include clothing, footwear costing $100 or less, school supplies costing $15 or less, […]

Street woes plague residents

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By Karl Terry: PNT Managing Editor City of Portales officials say repair and replacement of city streets has fallen behind for lack of funding over the years. A particularly bad winter has compounded the problem and has residents clamoring for relief, they say. Portales City Councilors directed city staff to further study two options for […]

Alternative minimum tax should be repealed

Editorial According to the New York Times, “House Democratic leaders, in an effort to upstage Republicans on the issue of tax cuts, are preparing legislation that would permanently shield all but the very richest taxpayers from the alternative minimum tax, which is likely to affect tens of millions of families as early as next year […]