• Who pays the most in state and local taxes in NM? A new study says it's the poorest New Mexicans, who pay more more than twice as much of their income as the top 1 percent.

• Looks like Guv Martinez won't get her way on corporate income tax cuts.

• Proposed constitutional amendments would change who selects regents at UNM and NMSU, reducing governor's goodies for political favors.

• With funds flowing out faster than they're coming in, Legislature weighs cuts in Lottery scholarships.

• Can't anybody find this guy? Bank robber wearing cap with American flag strikes again.

• Fugitive wanted in brazen Christmas Day gun theft from Los Lunas Wal-Mart captured in NY.

• Lobos get back to winning ways on the road at Wyoming. Next up: Nevada.

Views: 159

Tags: corporate, lobos, lottery, regents, robber, scholarship, taxes, unm

Comment by RunLikeADog on January 31, 2013 at 9:02am
State law makers should have to take classes in general economics. If you tax corporations more than the neighboring states, guess what will happen? Corporations will go to the place of lowest taxation.

The tax study is interesting mainly because the tax laws that caused this were instituted during the Richardson administration. I believe he took office on 1/1/2003.
Comment by ramon t on January 31, 2013 at 9:27am

RLD - I can't believe they can't figure that out.  They scream about our job losses and how we are not like our neighbors but don't see that.

Comment by Hunter on January 31, 2013 at 10:40am

So now the legislature that brought us the dysfunctinal PRC is going to give us an encore with elected Regents.  Are you 18 and not a felon?  You're eligible.  Jerome Block for UNM Regent!

Comment by once banned twice shy on January 31, 2013 at 4:34pm

Here's something for you corporate tax break folks to chew on:

http://thinkprogress.org/economy/2013/01/31/1523281/states-lose-600...

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