[LWVNM Action] LWVNM Tax, Revenue and Budget subcommittee

[Barbara Calef]

I'm interested, but there are not enough hours in the day for me to take on
another issue.  I look forward to hearing about it.

Barbara

On Mon, May 2, 2022 at 8:02 PM Richard Mason via Action <
action at mailman.swcp.com> wrote:

> It seems the Legislature is serious about tax reform in the 2023 session.
>
> The LWVNM needs to educate ourselves about the options.so we are
> considering forming a subcommittee. It will require a commitment to learn
> about the system.
>
> So far Renny Ashleman, Karen Wentworth, Kathy Brook and Dick Mason have
> expressed interest.
>
> Are there others?
>
> Dick Mason
>
> Guided by our positions
>
> Adopted 1971; revised 1975, 1983, 1989, 2017)
>
> The League of Women Voters of New Mexico believes that a fair tax must be
>
>    1. equitable, taking into consideration relevant differences between
>    persons, such as their annual income
>    2. certain, not arbitrary
>    3. convenient with respect to timing and manner of payment
>    4. economical to collect
>    5. adequate to finance the essentials of government.
>
> The tax system in New Mexico should be progressive. LWVNM may support
> taxes that are regressive if it is determined that the tax will achieve a
> socially desirable objective.
>
> In evaluating the average burden of taxation within the state, taxes
> should be compared with income of New Mexico residents; in comparing the
> burden of taxation in New Mexico with the burden imposed by other states,
> state and local taxes should be combined.
>
> Tax credits and/or deductions should be evaluated based on promotion of
> equity and the efficiency with which they achieve their purpose.
>
> Tax credits may be a means of providing relief from the regressive nature
> of the sales and property tax.
>
> The League believes it is the state's obligation to collect revenues to
> fund services that are generally state responsibilities, rather than depend
> on cities and counties to raise the funds.
>
> _______________________________________________
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> Action at mailman.swcp.com
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>
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