skip to main content
skip to newscasts

Friday, April 26, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

Louisiana teachers' union concerned about educators' future; Supreme Court hears arguments in Trump immunity case; court issues restraining order against fracking waste-storage facility; landmark NE agreement takes a proactive approach to CO2 pipeline risks.

view newscast page
play newscast audioPlay

Speaker Johnson accuses demonstrating students of getting support from Hamas. TikTok says it'll challenge the ban. And the Supreme Court dives into the gray area between abortion and pregnancy healthcare, and into former President Trump's broad immunity claims.

view newscast page
play newscast audioPlay

The urban-rural death divide is widening for working-age Americans, many home internet connections established for rural students during COVID have been broken, and a new federal rule aims to put the "public" back in public lands.

Some See Job-Creation Bill as Corporate Giveaway

play audio
Play

Tuesday, April 9, 2013   

SANTA FE, N.M. - When it comes to HB 641, the Tax Omnibus Bill that Gov. Susana Martinez signed last week, the claim is that it will create jobs in New Mexico. However, State Sen. Gerry Ortiz y Pino(D-Dist. 12) said it is a short-sighted plan.

"The whole reason behind cutting the corporate income tax rate was to make New Mexico more competitive and more attractive," he said, "to send the message to businesses that want to relocate that we are a business-friendly state."

Ortiz y Pino is convinced the cut in corporate income taxes actually will not help much in that regard. He said the resulting increase in gross-receipts taxes and the decrease in money for education will together mean a less-than-friendly business climate in New Mexico.

Gerry Bradley, senior researcher and policy analyst, New Mexico Voices for Children, said the law will mean consumers pay the difference that corporations no longer have to pay. That means less money for public education and health services.

"Due to this bill, all local governments will have to decide whether they want to cut services," he said, "mainly policemen and firefighters and jails, or increase their gross-receipts taxes."

Bradley noted that the bill will not take effect for a couple of years and called on lawmakers to rethink the tax omnibus law.

"I would hope that the Legislature would take a deep breath and go back and look at this. They can change it or they can repeal it - especially the part about losing a quarter of the corporate income tax. This bill's going to cost $100 million in lost corporate income tax revenues each year," Bradley warned.

Bradley said it's time to get busy. OLÉ (Organizers in the Land of Enchantment) and Working America are looking to pressure the Legislature to change the law, he added.

The final version of the legislation is available at http://1.usa.gov/10HHMlp.




get more stories like this via email

more stories
The United Nations experts also expressed concern over a Chemours application to expand PFAS production in North Carolina. (Adobe Stock)

play sound

United Nations experts are raising concerns about chemical giants DuPont and Chemours, saying they've violated human rights in North Carolina…


Environment

play sound

Conservation groups say the Hawaiian Islands are on the leading edge of the fight to preserve endangered birds, since climate change and habitat loss …

Environment

play sound

CO2 pipelines are on the increase in the United States, and like all pipelines, they come with risks. Preparing for those risks is a major focus of …


It's estimated that invasive pests destroy up to 40% of food crops and cause $220 billion in trade losses worldwide. (Lee/Adobe Stock)

Environment

play sound

April has been "Invasive Plant Pest and Disease Awareness Month," but the pests don't know that. The U.S. Department of Agriculture says it's the …

Social Issues

play sound

Leaders of a teachers' union in Louisiana are voicing concerns about a package of bills they say would have the effect of dissolving labor unions in t…

David Coon designs and evaluates interventions for families and caregivers of adults with chronic illnesses, including dementia, cancer and depression. (Arizona State University)

Health and Wellness

play sound

The 2024 Arizona Alzheimer's Consortium Public Conference kicks off Saturday, where industry experts and researchers will share the latest scientific …

Environment

play sound

Environmental groups say more should be done to protect people's health from what they call toxic, radioactive sludge. A court granted a temporary …

Social Issues

play sound

Orange County's Supreme Court reversed a decision letting the city of Newburgh implement state tenant protections. The city declared a housing …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021