Cut Albuquerque’s Taxes Now!

You may have seen this article in today’s Albuquerque Journal. We’re always happy to get published in New Mexico’s largest newspaper, but I wish they would have gotten the headline right…the gross receipts tax is NOT a sales tax! I pointed this out in the article today and I wrote an entire piece in the Albuquerque Tribune outlining the differences between the two and the greater economic harm that results from our gross receipts tax.
Regardless of what you call the tax, it is clear that Albuquerque has seen a rapid uptick in tax rates this decade. Hopefully Mayor Chavez’s proposal marks the beginning of further tax cuts.