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New Mexico signs family tax credit and 99 other bills
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New Mexico signs family tax credit and 99 other bills
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New Mexico signs family tax credit and 99 other bills
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State officials predict New Mexico will not return to pre-pandemic employment levels until late 2023. Even that’s a rosy scenario. The Congressional Budget Office forecasts national employment won’t regain pre-pandemic levels until 2024.
Despite those ominous projections, lawmakers are moving forward with a slew of anti-business and anti-consumer proposals that, if passed, will ensure it takes years to rebuild the state’s economy. Most of these bills are aimed at helping low-income New Mexicans and their families. But legislative leaders are failing to take into account the impact this bundle of bills would have on businesses of all sizes – and recognize that punishing businesses punishes New Mexico’s recovery. A broken economy impacts all New Mexicans, regardless of their income level.
Reshaped tax package advances in Senate
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