State of New Mexico secondary Archives: on Corporations
Corporate tax cuts failed to create jobs
We passed corporate tax cuts [in 2013] which I opposed. It was evident that the numbers given to legislators were misrepresented. The net loss is hundreds of thousands of dollars. Cities and counties were then forced to cure the cuts by raising local
taxes. When you cut corporate taxes and turn around and raise their gross receipts taxes, nobody in business is fooled by it. That's why those corporate tax cuts failed to accomplish the job growth promised.
Source: NM Political Report on 2018 New Mexico Gubernatorial race
Jul 7, 2017
Less government oversight but more federal funding
Rich said his business experience would provide a different perspective for New Mexico's congressional delegation. "I don't think more government is going to solve our problems." If elected, he said he would push for
relaxed restrictions on federal land use and more funding with solidified missions for the state's federal laboratories, while describing high crime and drug overdose rates in New Mexico as a barrier to economic development.
Source: Albuquerque Journal on 2018 New Mexico Senate race
Apr 19, 2017
Expand "angel investor" tax credit: help fund new companies
Republican Gov. Susana Martinez proposes to expand economic development tax incentives aimed at encouraging investment in startup and technology companies. Martinez outlined the measures on Friday. The tax changes will need approval of the
Legislature to take effect.
One proposal expands a tax credit provided to "angel investors" who help finance new companies.
The governor wants to provide up to $2 million a year in credits, up from a current $750,000 cap, and increase the individual investments that qualify for a tax break.
Martinez also proposes to revamp existing credits for small technology companies,
potentially costing the state $2 million a year. One change would allow firms to collect a refund for some spending on research and development if their tax credits exceed their tax liability.
Source: The Republic (Columbus IN) on 2014 New Mexico governor race
Jan 3, 2014
Exempt small business from gross receipts tax
I've long said government doesn't create jobs. It doesn't--small businesses do. We can do so much more to level the playing field for our small businesses, to put more New Mexicans back to work.
That's why I am proposing that we exempt roughly half of
New Mexico's small businesses--those earning less than $50,000 per year--from the gross receipts tax. That's roughly 40,000 of our small businesses--the little ones, the start-ups. This is a bottom-up approach.
Source: 2012 New Mexico State of the State Address
Jan 17, 2012
Iraq: no more Halliburton sweetheart deals
[To exit Iraq, we need to], get the United Nations together in an agreement that provides for the following:
Source: Democratic Primary Debate, Albuquerque New Mexico
Sep 4, 2003
- First, that the UN will handle the collection and distribution of all oil revenues for the people of Iraq without privatization.
Second, that the UN will handle all contracts. No more Halliburton sweetheart deals.
- And third, that the United Nations will proceed to work with the people of Iraq to construct a government that the people of Iraq can call their own.
Page last updated: Feb 12, 2018