KRWG

Gessing: Reforms Needed In 2020 New Mexico Legislative Session

Dec 19, 2019

Credit Paul J. Gessing

Paul Gessing, President of the Rio Grande Foundation, says New Mexico needs to works on reforms during the 2020 Legislative session.  Gessing says making improvements to the Gross Receipts Tax (GRT) should be the top priority; he is not alone in stating that the GRT discourages investment in the state.  Gessing also says he supports a proposal to end the state income tax on Social Security; New Mexico is one of only 13 states to tax Social Security, a fact not lost on many publications that fail to put the state on lists as a good place to retire.  Gessing also says the state should reform its capital outlay process.