SF New Mexican: New Mexico lawmakers OK tax increases.
“Lawmakers sent the governor a measure that will generate more than $200 million by raising several taxes. Included is a one-eighth cent increase in the state’s 5 percent gross-receipts tax on goods and services. New Mexicans also will resume paying a tax on food, which will average about 2 percent statewide. Pending in the Senate was a proposed 75-cents-a-pack increase in the cigarette tax to raise $33 million, and measures to finance capital improvement projects.” Incumbents who voted for this are going to be nonstarters in the next election, once the food tax hits the streets.
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