WSJ article details NM’s economic woes

A link to the article can be found here, but it may not be available to non-subscribers. A relevant chart from the article can be found below:

While I spent a great deal of time talking to the reporter who is new to the NM beat, I was not quoted. James Jimenez of the left-liberal Voices for Children did have a choice quote “We can’t tax cut our way to prosperity.” I’m not sure where they get this stuff, but our research shows otherwise. In fact, between 2001 and 2010, states with no personal income tax grew their economies by a combined 56% while the 9 states with the highest personal income taxes grew by only 41%. Truly, there is no overnight solution (aside from fracking, perhaps), but over time, reducing taxes on productive activity (work, entrepreneurship) are proven to work.

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4 Replies to “WSJ article details NM’s economic woes”

  1. Mayor Berry’s quote is particularly telling – the best factors he can cite for doing business in Albuquerque are sunshine, diversity, skiing, and Breaking Bad. God help us!

  2. Also note who controls the politics in those states neighboring us (except for wacko Colorado): Republicans control the governorship and both houses of the legislature in Utah, Arizona, Oklahoma, and Texas. We can’t expect real change until voters throw the corrupt democrats out of the legislature.

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