KUNM

Tax

Special Session Showdown Over Budget, Taxes

May 23, 2017
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KUNM Call In Show 5/25 8a: Call toll-free 877-899-5866. Lawmakers return to Santa Fe Wednesday for a special legislative session devoted to resolving an impasse on the state budget. The Roundhouse is controlled by Democrats and Governor Susana Martinez rejected the budget they sent to her in January—vetoing virtually all money for the legislative branch and for state colleges and universities. 

Trump's Tax Plan In New Mexico

May 2, 2017
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KUNM Call In Show 5/4 8a. President Trump has announced the outline of a tax plan that would lower taxes on businesses owners and the wealthy. He says it will help working families too, by giving breaks for things like child care. Critics on the left say the plan mostly helps the rich, while some on the right worry such big cuts would balloon the federal deficit. We'll look at some of the details we know and explore how they might affect New Mexicans. We'd like to hear from you! Would these tax changes help you or your business? Are you worried they might hurt people in the state? 

Jeff Adair via Flickr

Residents of the Navajo Nation will now be paying more for junk food. Last week Navajo President Ben Shelly signed the Healthy Dine' Nation Act into law, adding a tax on unhealthy food sold anywhere on Navajo land. Deswood Tome is Special Advisor to President Shelly. He spoke to KUNM about the law's implications. 

"The law imposes a tax on junk food as a deterrent, so when people go to the store they'll make a conscious decision to buy nutritious food," Tome said.

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Each week we catch up with business news from around the state.  This week KUNM’s Elaine Baumgartel spoke with Megan Kamerick, Senior Reporter with the New Mexico Business Weekly.

 

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When state lawmakers convene for a special session tomorrow in Santa Fe, they'll face the daunting task of dealing with a $650 million budget deficit. Many advocates are saying tax cuts for the wealthy should be repealed.

KUNM's Elaine Baumgartel wanted to find out how much the 2003 tax cuts actually cost the state and exactly which taxpayers have benefited the most.