The Tax Foundation is broadly free market tax policy research organization based in Washington, DC. They have created a new award for national leaders from around America who have contributed to the fight for pro-market tax reforms. New Mexico Gov. Susana Martinez was just honored by the organization for her corporate tax reform efforts that were enacted at the end of the 2013 legislative session.
According to the Tax Foundation, “New Mexico Governor Susana Martinez proposed a far-reaching business tax reform and, by skillfully working with the Legislature, signed into law in 2013 a final bill that included much of what she had sought. Provisions include a reduction in the corporate tax rate from 7.6 percent to 5.9 percent over several years, tightening of some tax credits, and improvements to tax administration.”
Kudos to Gov. Martinez. Her efforts are one of many reforms needed to make New Mexico a more economically-competitive state.