Another Teachable Moment on Tax Policy

I’m all for tax cuts, but does it really make sense for New Mexico to target boxing, wrestling, and martial arts events for gross receipts tax elimination? If New Mexico is going to continue with this fiction of a broad and fair tax policy as the gross receipts tax is supposed to be, then we can’t carve a loophole for everyone who wants one.
Again, as we saw with the Las Cruces convocation center losing events to Texas as a result of New Mexico’s charging tax on tickets and Texas not doing so, it is another sign that taxes do matter.
I just wish our elected officials would reduce the tax burden on all New Mexicans, not just those who run sporting events the Governor likes or who face an immediate threat from another state.

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