Tax Foundation ranks New Mexico 31st for “tax competitiveness”

The Tax Foundation is a center/right tax research and advocacy organization. For a broadly free market organization they and their information are actually able to get a respectable hearing in New Mexico’s Legislature. Sadly, the Tax Foundation’s views don’t necessarily result in public policy changes, but it is good to be invited to share your views.

Tax Foundation has a new “State Tax Competitiveness” report and sadly, but not surprisingly, New Mexico’s performance leaves a lot to be desired at 31st overall. While 31st is not entirely awful, it is worse than most of neighbors. More importantly, New Mexico’s oil and gas boom has generated enough revenue to allow the Legislature and Gov. to address our tax code issues.

Sadly, that has not happened in any substantive way. Yes, New Mexico COULD be worse than 31st, but with the self-inflicted crime and education issues impacting the willingness of businesses and people to relocate (or stay in) New Mexico, we need our political leadership to do better.

You can see (and click on) New Mexico’s tax competitiveness page below: