I am writing today to announce the closure of the New Mexico Independent. After three and a half years of operation in New Mexico, the board of the American Independent News Network, has decided to shift publication of its news…
While environmental activists played their part yesterday during demonstrations at the capitol building, going so far as to dress up as solar panels and to sing the tune of “You Are My Sunshine,” their counterparts, the anti-cap-and-trade contingency who has…
Roughly one quarter of University of New Mexico students are unimpressed with the state’s flagship public school, according to a survey that questioned college students about their higher education experiences.
In a conversation with New Mexico radio reporters yesterday, Sen. Jeff Bingaman, D-NM, weighed on the idea that not keeping tax cuts in place for those with incomes over $250,000 would hamper economic recovery. Most economists don’t believe it would, he said.
“Most economists I’ve heard from say that that’s not the case,” he said. “…clearly keeping taxes where they have been for the vast majority of Americans makes good sense in this economic downturn. And that’s what would be the case if we were to keep in place the tax provisions for everyone with up to $250,000 of income, that’s 98 percent of the population.”
“The remaining 2 percent will of course get the same lower taxes for the first 250,000 of income they receive, but they would then pay higher percentage on income above that 250,000 and most economists think that would not be a substantial drag on the economy.”
Bingaman also said it would be difficult to get things done in the lame duck session. This year the congress has had great difficulty getting over the procedural obstacles established by Republicans in the nature of filibusters, he said, so there are a lot of items still remaining unattended to, like the tax provisions. He’s not sure the congress will be able to get to everything before January, he concluded.
