Tax reform will be on the agenda for the special legislative session set to begin on May 24. The Rio Grande Foundation supports policies that will result in lower tax rates and fewer loopholes. To be clear, we don’t support ANY further addition to New Mexicans’ tax burdens. The story left that particular information on the “cutting room floor.”
Nonetheless, our position has been consistently the same: exempting groceries from the GRT and raising rates on other items was bad tax policy. Voices for Children actually agreed with us at the time, but now opposes re-imposing the tax on groceries as reflected in the story.
Embedding the story proved impossible, so click on this link.