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Michelle Lujan-Grisham on Tax Reform

 

 


Tax cuts for middle class, make system more progressive

In my budget priorities, I am asking for $1 billion in economic relief including rebates of $750 to each individual taxpayer or $1,500 to couples to help more New Mexicans afford the things they need right now. I am proposing a tax reform package intended to support New Mexico's working families and businesses cutting our gross receipts tax rate again to help consumers save money; and delivering personal income tax cuts for middle class New Mexicans by making our system more progressive.
Source: 2023 State of the State Address to the N.M. legislature , Jan 19, 2023

Haven't cut sales tax in 40 years; let's do it

Let's cut taxes for every single person in New Mexico. We haven't cut the sales tax in this state in 40 years. It's only gone up and up and up, for decades, burdening New Mexico households and making it harder for our small businesses to be competitive. But under my tax cut proposal, New Mexicans would save more than 170 million dollars every year.
Source: 2022 State of the State Address to New Mexico legislature , Jan 18, 2022

Trump tax cuts reward the wealthy & special interests

Q: Support President Trump's tax cuts?

Michelle Lujan-Grisham (D): No. They resemble failed past policies that "reward the wealthiest people & special interests, while adding as much as $1.5 trillion to our national debt."

Steve Pearce (R): Yes. Will "give a shot in the arm to all manufacturers, & small businesses will be able to become a little more stable."

Source: 2018 CampusElect.org Issue Guide on New Mexico Governor race , Oct 9, 2018

End the Bush tax cuts for millionaires & Big Oil

Michelle supports a balanced approach for getting America's fiscal house in order. The federal government is going to have to start doing more with less but it must also demand more from those who have prospered over the last decade while so many New Mexicans have fallen behind. Through a combination of cutting wasteful spending, weeding out fraud, and revenue enhancements like ending the Bush tax cuts for millionaires and subsidies for Big Oil, we can restore fiscal sanity to Washington.
Source: 2012 House campaign website, michellelujangrisham.com , Nov 6, 2012

Supports increasing tax rates.

Lujan Grisham supports the CC Voters Guide question on tax rates

Christian Coalition publishes a number of special voter educational materials including the Christian Coalition Voter Guides, which provide voters with critical information about where candidates stand on important faith and family issues. The Christian Coalition Voters Guide summarizes candidate stances on the following topic: "Increasing federal income tax rates"

Source: Christian Coalition Voter Guide 12-CC-q11a on Oct 31, 2012

Supports an income tax increase.

Lujan Grisham supports the PVS survey question on income taxes

Project Vote Smart infers candidate issue stances on key topics by summarizing public speeches and public statements. Congressional candidates are given the opportunity to respond in detail; about 11% did so in the 2012 races.

Project Vote Smart summarizes candidate stances on the following topic: 'Budget: In order to balance the budget, do you support an income tax increase on any tax bracket?'

Source: Project Vote Smart 12-PVS-q11 on Aug 30, 2012

Raising estate tax to 1990s level means $448B in new revenue.

Lujan Grisham voted NAY Death Tax Repeal Act

Heritage Action Summary: This bill would repeal the estate and generation-skipping transfer taxes, as well as cut the top gift tax rate.

Heritage Foundation recommendation to vote YES: (4/16/2015): Collectively, these measures repeal the pernicious double tax known as the `death tax,` and result in a tax cut of $269 billion over 10 years. The death tax hurts economic growth and therefore limits the ability of Americans to prosper. Repealing the death tax would generate an average of 18,000 jobs annually and increase the overall net worth of American households by $300 billion a year. The federal government should encourage, not punish, Americans who work and pay taxes their whole lives, save enough to support themselves through retirement, and retain the ability to fulfill the American Dream by passing along a better life to their children.

Secretary of Labor Robert Reich recommendation to vote YES: (robertreich.org 6/4/2015): At a time of historic economic inequality, it should be a no-brainer to raise a tax on inherited wealth for the very rich. Yet there`s a move among some members of Congress to abolish it altogether. Today the estate tax reaches only the richest 2/10 of 1%, and applies only to dollars in excess of $10.86 million for married couples or $5.43 million for individuals. That means if a couple leaves to their heirs $10,860,001, they now pay the estate tax on $1. The current estate tax rate is 40%, so that would be 40 cents. Yet according to these members of Congress, that`s still too much. Our democracy`s Founding Fathers did not want a privileged aristocracy. Yet that`s the direction we`re going in. The tax on inherited wealth is one of the major bulwarks against it. That tax should be increased and strengthened.

Legislative outcome: Passed by the House 240-179-12; never came to vote in Senate.

Source: Congressional vote 15-H1105 on Apr 16, 2015

Other governors on Tax Reform: Michelle Lujan-Grisham on other issues:
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