Here’s ONE California policy trend we can get behind

While the mere idea of cutting taxes in cash-rich New Mexico remains a near impossibility due to political opposition (the Legislature passed and MLG signed significant tax increases this session (a 25% increase in vehicle registrations and an increase in taxes on corporations contained in SB 151), “progressive” politicians in cash-strapped California which faces a $2.9 billion budget deficit are proposing significant tax reductions.

Katie Porter is a US House member who is also running for Gov. of California, she recently announced a plan to eliminate income taxes on families making under $100,000 annually. See her video on the subject below. In New Mexico which according to its politicians has “money to burn” those making up to $100K can pay rates varying from 4.7% to 4.9%.  Although our strong preference is for lower income taxes for ALL New Mexicans combined with long-overdue reforms to the gross receipts tax, we certainly would be willing to support a plan to exempt families making less than $100K from income taxes.

Of course we don’t want ALL of California’s latest policy ideas to come to New Mexico. So far, at least, the Land of Enchantment hasn’t seen a serious “wealth tax” proposal. The idea which may be on California ballots this fall is already pushing wealthy Californians out of state.