Americans for Prosperity – New Mexico Responds to 2013 State of the State Address
Santa Fe – Americans for Prosperity – New Mexico (AFPNM) commends Governor Susana Martinez on recognizing the need to diversify New Mexico’s economy and the importance of growing the private sector in the state. Her proposal to reduce the business tax rate from 7.6 percent to 4.9 percent is a step in the right direction to encourage that private sector growth.
The Governor’s proposal to establish a corporate single-sales factor tax structure is preferable to the existing structure. The legislature should also adopt appropriate legislation that would replace the existing and cumbersome gross receipts tax with a simpler sales tax structure.
Regarding education, where the state ranks near the bottom in achievement, AFPNM believes the lawmakers should go beyond the Governor’s marginal proposals to create new or expand existing education programs. They seem to be designed to pursue federal tax dollars such as those from the “Race to the Top” program funding. Instead, AFPNM believes quality education reform lies in expanding the creation of innovative charter schools throughout the state and passing a school choice initiative similar to that which many other states have embraced.
Additionally, AFPNM calls on both the Governor and legislators to preserve property rights and to spend the hard-earned tax dollars of New Mexicans responsibly.
At AFPNM, we believe bold change requires bold vision. That bold vision must be rooted in bold leadership. Our 20,000 activists around the state affirm that leadership should be guided by the principles of individual liberty, economic freedom, and limited government.