New Mexico
ITEP’s Carl Davis: Pyramids, Cascades, and the Taxation of Business Inputs
August 26, 2024 • By Carl Davis
ITEP Research Director Carl Davis gave this presentation to the New Mexico Revenue Stabilization and Tax Policy Committee on August 23, 2024. View the slides here.
States Move to Tax the Top in 2024
March 20, 2024 • By Marco Guzman, Miles Trinidad
These forward-thinking states are demonstrating the wide variety of options for policymakers who want to raise more from the wealthiest people, rein in corporate tax avoidance, create fair tax codes and build strong communities.
Moving the Needle Toward Tax Fairness in the States
March 4, 2024 • By Jon Whiten
While many state lawmakers have spent the past few years debating deep and damaging tax cuts that disproportionately help the rich, more forward-thinking lawmakers have improved tax equity by raising new revenue from the well-off and creating or expanding refundable tax credits for low- and moderate-income families.
New Mexico Making Tremendous Progress Making Taxes Less Regressive
January 24, 2024 • By Carl Davis
Recent tax reforms have helped to bring greater balance to New Mexico's tax code. A new in-depth look at taxes in all 50 states finds New Mexico is an emerging leader, though there’s still plenty of room for improvement.
New Mexico Taxation and Revenue Department: New Mexico Among Top 10 for Tax Equity
January 15, 2024 • By ITEP Staff
New Mexico is now among the top 10 states for most equitable tax structures thanks mostly to changes signed into law by Gov. Michelle Lujan Grisham over the past five years, according to a new report by the Institute on Taxation and Economic Policy (ITEP). Read more.
ITEP’s Carl Davis: Who Pays New Mexico Taxes?
October 22, 2023 • By Carl Davis
ITEP Research Director Carl Davis gave a presentation on New Mexico’s tax system to that state’s Revenue Stabilization and Tax Policy Committee on October 19, 2023. Click here for the slide deck.
A Better Alternative: New Mexico Prioritizes Targeted, Temporary Tax Cuts
March 9, 2022 • By Marco Guzman
New Mexico stands in stark contrast to the many examples of poorly targeted tax-cut proposals currently being considered around the country.
New Mexico Voices for Children: Essential But Excluded
April 30, 2020 • By ITEP Staff
Immigrants pay taxes and are important contributors to New Mexico’s economy. Nationwide, immigrants pay hundreds of billions of dollars in federal, state, and local income and other taxes. New Mexico immigrants – both legal residents and those who are undocumented – contribute more than $996 million in federal, state, and local taxes that help support […]
New Mexico Voices for Children: Expanding New Mexico’s Best Anti-Poverty Program
January 28, 2020 • By ITEP Staff
The Working Families Tax Credit (WFTC) is New Mexico’s equivalent of the federal Earned Income Tax Credit (EITC). The WFTC’s eligibility levels and credit amounts are based directly on the EITC, and like most states, the amount is a set percentage of the federal EITC. These tax credits reduce poverty, improve outcomes for children, and […]
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