We just paid our natural gas bill……WOW! BIG INCREASE! Now this……….Very, very discouraging for New Mexicans. BUT! Read below for information on GOP plans for the  largest tax break for working families in state history. Also below, Who will be the next Governor of New Mexico? 
FGGAM just received this news release this afternoon:
Senate Republicans Condemn Passage of Senate Bill 14
Legislation will raise gas prices and harm New Mexico’s energy economy
 
SANTA FE – Today the New Mexico Senate passed Senate Bill 14 on a 25-16 vote with all Republicans and one Democrat opposing the measure. As one of Governor Michelle Lujan Grisham’s top priorities, the bill was quickly advanced by Senate Democrats despite legitimate concerns that it will significantly raise gas prices and harm New Mexico’s energy economy.
 
“Make no mistake—New Mexicans will pay a high price for this bill that does almost nothing to impact worldwide emissions,” said Senate Republican Leader, Senator Greg Baca (District 29, Bernalillo and Valencia). “They did this in California and the average price of gasoline has skyrocketed to almost five dollars per gallon. If enacted, Senate Bill 14 will needlessly hit hard working New Mexicans at a time when inflation is soaring and wages are stagnant. All of us want clean air, but we can protect our environment without forcing taxpayers to foot the bill for these radical, ineffective policies.”
 
“Our New Mexico energy producers are producing the cleanest and most efficient hydrocarbon fuels in the world,” added Senator William Sharer (District 1-San Juan), who represents the San Juan Basin. “However, the radical President in the White House and his ally in our Governor’s mansion have caved to the demands of the eco-far-left and attacked our greatest tool to fight climate change—domestic energy production. If we want to make a dent in international greenhouse gas emissions, we must end our reliance on other countries who mine and drill with no regulations or regard for the environment. Our path to continuing global emissions reductions is American Energy independence, not taxing New Mexicans for working and living their lives.”
 
Senate Bill 14 will now head to the House of Representatives for consideration.
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NM House Republican budget: Putting New Mexico Working Families First Plan

Reclaiming New Mexico’s future with the largest tax break for working families in state history

Santa Fe – New Mexico House Republicans today presented their alternative proposal, the Putting New Mexico Working Families First Plan, to the state’s record-breaking $8.47 billion budget. The proposal, presented by State Representative Jason Harper (R-Rio Rancho), is based on sound fiscal principles that are designed to address directly the needs of New Mexico working families while also enhancing incomes, and preparing the state to withstand the effects of increasing inflation, higher utility rates and volatile gasoline prices.

“We are uniquely positioned to dramatically help the working families of New Mexico- that is if we do not miss this opportunity,” said State Rep. Jason Harper (R-Rio Rancho). “It is no secret that the last three years of spending continue to put government first; however the plan we are rolling out today presents opportunity to change the trajectory of our beloved state. If we take this opportunity, we can focus on giving working families the respect and help that they deserve instead of propping up state agencies that keep asking for more and more money.”

The Republican initiative, the Putting New Mexico Working Families First Plan, is intentionally designed to reclaim New Mexico’s future by targeting spending and enhancing working families incomes. The plan calls for New Mexico’s largest tax break for working families in state history, a $802 million tax reduction for New Mexico working families and New Mexico small businesses. The Republicans also are taking targeted steps to control state spending. This is in stark contrast to the unsustainable spending in the progressive budgets. Additionally, the plan calls for an increase in state emergency reserves to protect against volatile economic uncertainty, inflation and a higher cost of living across the nation.

“Every day, New Mexico’s working families are struggling to make tough financial decisions because they are paying more for everything,” said House Republican Leader Jim Townsend (Artesia). “From higher cost of groceries, to deciding how to effectively juggle their financial commitments because otherwise they cannot afford gas to travel back and forth from work- we are failing our working families by throwing their tax dollars around without seeing their lives improving.”

The Putting New Mexico Working Families First Plan will transform New Mexico’s future with targeted proposals such as:

  • Target non-recurring, and unspent federal ARPA funds, to directly impact immediate and long-term needs of New Mexico’s Working Families
  • Increasing state reserves to protect New Mexico’s Working Families from looming economic uncertainty due to market volatility and hyper-inflation (the progressive budget plan dips into the state Rainy Day fund, when the only thing raining is new money)
  • Implementing spending plans to direct state agencies to reduce waste and live within their budgets, by reducing the proposed spending increase by half
  • Reduce taxes on New Mexico’s Working Families by slashing $802 million in taxes, increasing take home pay for New Mexicans most at risk due to hyper-inflation.
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