New Mexico Raises Taxes

New Mexico Raises Taxes
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POSTED: Wednesday, March 3, 2010 - 3:31am

UPDATED: Wednesday, March 3, 2010 - 9:15am

Santa Fe - Lawmakers are trying to wrap up a budget-balancing special session.

The House worked past midnight and approved a $5.6 billion budget and a proposal to increase the tax on cigarettes by 75 cents a pack.

The cigarette tax will provide $33 million next year, with a third of the money earmarked for public schools.

The Senate approved a package of tax increases to provide about $200 million to balance the budget. Included is a one-eighth cent increase in the gross receipts tax on goods and services. The bill also will reinstate part of the tax on food and eliminate an income tax deduction for some New Mexicans.

Each chamber must approve the same measures before they go to Gov. Bill Richardson.
 

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All this is doing is encouraging me to quit my job and get on welfare. I have worked my butt off to get what I have and it really stinks to turn around and give it to someone who sits on their ***! Why even try? All of you democrats are going to be voted OUT!

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