New Mexico House Republicans are calling on Governor Michelle Lujan Grisham to eliminate the state’s personal income tax. The proposal aims to help low- and moderate-income families struggling with higher gas prices.
Economic Boost
House Republicans argue that repealing the income tax would put over $2 million per year back into the pockets of New Mexicans, creating more jobs and economic prosperity.
The Governor’s office responded, stating that while they appreciate the support for a $250 rebate to help offset gas prices, eliminating the personal income tax would have significant budget implications requiring comprehensive analysis and debate.
Original reporting: KOAT Albuquerque — read the source article.
