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.
Gov. Susana Martinez issued an executive order Friday asking the Taxation and Revenue Department to lead an investigation into the cost-effectiveness of “state tax expenditures” or the credits, exemptions and deductions that cost the state $1.3 billion in lost revenue each year.
Martinez vetoed a bipartisan bill that would have created a committee to review the approximately 300 loopholes, preferring to have TRD look at the expenditures by executive order.
In her order, Martinez said that tax credits were the same as spending programs: “These provisions have the effect of reducing state revenues and are thus equivalent to spending programs. For this reason they are referred to as ‘tax expenditures.’”
Martinez’s position that various tax cuts are equivalent to spending programs is a different from national Republicans, who frequently say that tax cuts pay for themselves and government has a revenue problem, not a spending problem.
