New Mexico Needs Tax and Spending Limits
The Rio Grande Foundation of New Mexico today published a study that once-and-for-all shatters the myth that Bill Richardson is a fiscal conservative and makes the case for Colorado-style tax and spending limits.
Among other facts brought to light:
Governor Richardson is not just a bigger-spender than former-Governor Gary Johnson, but he is the biggest spender relative to the growth of inflation and population among the last four New Mexico governors (2 Republicans and 2 Democrats);
The average personal income of a New Mexican is approximately $10,000 less than that of the average Coloradoan;
New Mexico not only receives more taxpayer dollars from Washington relative to what its citizens pay in taxes than any other state (yes, we even beat out Alaska), but New Mexico also has more state and local employees per capita than any state but Alaska and Wyoming.
Only by giving taxpayers greater control over tax and spending decisions can New Mexico achieve its full potential.