State of New Mexico secondary Archives: on Corporations

Joe Cervantes: 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

Mick Rich: 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

Susana Martinez: 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

Susana Martinez: 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

Dennis Kucinich: Iraq: no more Halliburton sweetheart deals

Source: Democratic Primary Debate, Albuquerque New Mexico Sep 4, 2003

  • The above quotations are from State of New Mexico Politicians: secondary Archives.
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Page last updated: Feb 12, 2018