Gregg Hull’s common sense plan to eliminate the income tax

New Mexico is far to the left politically when it comes to economics. For most of New Mexico’s history our state has relied on a combination of federal dollars and oil and gas. Even at a time when oil and gas are booming at unprecedented levels and the State is awash in money, it is difficult to convince New Mexicans that the State is ACTUALLY wealthy and that it can afford to keep all the programs in place AND make New Mexico more competitive and a better place to both do business and live.

The 2026 election for Gov. will go a long way toward determining whether New Mexicans WANT to do better or if they are comfortable with high poverty, poor education, and the loss of our children and grandchildren to other states.

Gubernatorial candidate Gregg Hull wants to eliminate New Mexico’s personal income tax. He has outlined his plan here. Quite simply, he’d use New Mexico’s ample oil and gas revenues to eliminate the income tax in four phases:

• Step One: The first $25,000 for single filers and $50,000 for married couples filing jointly.
• Step Two: The first $50,000 for single filers and $100,000 for joint filers.
• Step Three: The first $100,000 for single filers and $200,000 for joint filers.
• Step Four: All remaining eligible personal income.

This bold reform contrasts sharply with Deb Haaland’s “plan” which is really just more of the same. Haaland told KOAT that she opposes Hull’s plan because it is “out of the Trump playbook.” Instead, she plans to offer more welfare (in the form of refundable tax credits) and raise the minimum wage which can harm businesses and those who lose jobs.

Early voting kicks off today. The contrast between the two candidates could not be clearer.