OPPONENTS ARE SPEAKING OUT AGAINST A PLAN TO REINSTATE THE FOOD TAX IN NEW MEXICO. THE PROPOSAL IS CURRENTLY BEFORE THE SENATE FINANCE COMMITTEE AS LAWMAKERS STRUGGLE WITH DWINDLING REVENUES.
FRED NATHAN WITH THE GROUP “THINK NEW MEXICO” IS HOPING THE BILL DOESN’T GO ANYWHERE. HE HOPES PEOPLE WILL RECOGNIZE THAT RAISING THE TAX WOULD BE COUNTER-PRODUCTIVE AND HARM NEW MEXICO’S ECONOMY. HE SAYS TAXING FOOD WOULD BURDEN WORKING FAMILIES, AND ALSO HARM BUSINESSES, SINCE EVERY DOLLAR SPENT ON THE TAX IS A DOLLAR NOT SPENT ON OTHER GOODS AND SERVICES.
