Tags: martinez | new | mexico | tax | cut

New Mexico Tax Cut Gives Boost to Martinez

Image: New Mexico Tax Cut Gives Boost to Martinez

Thursday, 02 May 2013 10:39 PM

By John Gizzi

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
New Mexico Republican Gov. Susana Martinez could get a political boost after managing to secure a major cut in business taxes from her state’s Democratic-ruled legislature in March.

Following weeks of late-night negotiations with Democratic lawmakers, Martinez got what she wanted: a gradual cut in the income tax rate for companies from 7.6 percent to 5.9 percent over the next five years.

Although business taxes account for only 2 percent of state revenue, the governor’s supporters feel that the step could lead to new businesses locating in the Land of Enchantment.

New Mexico was “long reliant on federal funding [and] under pressure to diversify its economy beyond centrally-funded laboratories and military bases,” the London-based Financial Times noted recently.

Should the tax cut prove fruitful, one should not be surprised to find the 53-year-old Martinez — who is a cinch for re-election next year — boomed for the national Republican ticket in 2016.


John Gizzi is a special columnist for Newsmax.com.


© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Sanders: Congress Must Listen to Ordinary Americans

Tuesday, 02 Sep 2014 06:28 AM

Vermont's independent Sen. Bernie Sanders will be heading to Iowa later this month in pursuit of a possible bid for the  . . .

'Conservative War Chest' Targets Pryor, Gang of 5

Monday, 01 Sep 2014 21:52 PM

A conservative Super PAC has launched its 2014 campaign with a blistering ad accusing Senator Mark Pryor of being a sta . . .

Connecticut Republicans Sense Sweep In Works

Monday, 01 Sep 2014 21:44 PM

Republicans in the Nutmeg State feel "cautiously optimistic" that they will not only take the governorship that narrowly . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved