Dem tax overhaul plan IDs new revenue streams (NM radicals)

The Albuquerque Journal ^ | Tuesday, January 29th, 2019 | Dan McKay

[CedarDave]

SANTA FE – House Speaker Brian Egolf said Tuesday that he and other Democratic leaders are restarting their efforts to reshape the New Mexico tax code – this time with an emphasis on raising hundreds of millions of dollars in new revenue that can be used to improve the state’s school system.

Egolf said legislative leaders are crafting a tax version that would raise income taxes on families making at least $250,000 a year, raise gasoline taxes and levy gross receipts taxes on all online sales.

House Republicans immediately blasted the idea as an unwarranted tax increase that would damage the economy and burden small businesses and families, at a time when the state is expecting a budget surplus.

“We have an opportunity to save a generation of kids in New Mexico from poverty,” Egolf told reporters Tuesday, “and in order to do that, we have got to make a sustained, substantial investment in education.”

The extra money from gas taxes, he said, would be dedicated entirely to repairing and improving roads.

But the other tax changes would be intended to raise revenue to help pay for an extra $400 million to $500 million in education spending – for hiring teachers, increasing educators’ pay and making other changes. The tax proposal may not raise the full amount, Egolf said, but it would help offset the cost.

Rep. Jason Harper, R-Rio Rancho, said Democrats are taking what had once been a bipartisan idea – overhauling the tax system – and turning it into a “pure tax increase.” His own proposals to revise the tax code, he said, were intended to be “revenue-neutral,” not raise taxes overall. “What they have here is a blatant tax increase in the guise of reform,” Harper said.

[CedarDave]

That's just the ticket, Dems! Raise taxes in a state with a very poor population and hope some big investor will come in and bring business with him. Though we currently have a decent surplus due to a vibrant oil and gas economy, the enviros and their politician lackeys are looking at ways to strangle it with increased regulations and royalty charges in the name of combating global warming/climate change.

[butlerweave]

Raising hundreds of millions of dollars for reeducation camps

[rfp1234]

MNMA
(Make New Mexico Mexico Again).

[CedarDave]

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[Da Coyote]

Ah, first trick of libs.
Schools need more money.
The fact that they are teaching cr*p, have no standards, and don’t even bother to teach English is of no concern to them.
Too bad. NM has beautiful spots, but that article says all we need to know about the schools.
Publik skools, that is.

[Vigilanteman]

Biggest problem is that more people who don’t pay taxes outvote those who do. Another big problem with open borders.

[Bonemaker]

Must have been a bunch of Chicagoans move to NM to louse them up this bad.

[SunkenCiv]

House Speaker Brian Egolf ... said legislative leaders are crafting a tax version that would raise income taxes on families making at least $250,000 a year, raise gasoline taxes and levy gross receipts taxes on all online sales.

[aimhigh]

with an emphasis on raising hundreds of millions of dollars in new revenue

That's Peanuts. The Oregon governor is going to $3 billion for schools and another $2 billion for other liberal goodies.