Progressive Democrats Deny New Mexicans Social Security Tax Break

Posted On February 7, 2020

A proposal to give New Mexico retirees a Social Security state tax exemption was tabled today by the House Taxation and Revenue Committee. The Republican-sponsored bill would have provided New Mexico seniors with a real tax break, about $700 annually.

Rep. Cathrynn Brown (R)-Carlsbad and Rep. Gail Armstrong (R)-Magdalena co-sponsored House Bill 29. This legislation, along with another measure to ease tax pains for seniors, both stalled in the committee as members expressed concern over funding.

Democrat Chairman of Taxation and Revenue Jim Trujillo (Santa Fe) suggested three times that the state could pay for the exemption by doubling the property tax.

“We have just begun the fight to relieve our retirees from burdensome taxation,” said Rep. Cathrynn Brown. “Our policies are counterintuitive to keeping and attracting retirees to our state. I am going to do all that I can to stand up for retirees.”

Attracting retirees is one of the easiest and most environmentally friendly ways to grow our economy, so Democrats once again shoulder the blame for not understanding basic economic truths about how to grow our economy.

It’s unlikely the effort to deliver a Social Security income tax break will move forward following the committee’s action.

“The majority of New Mexicans support exempting social security from taxation,” said Rep. Gail Armstrong, “Why would we not try to take care of our retirees? The New Mexico Legislature has surplus money and a desire to uplift New Mexicans, so let’s not leave our senior citizens behind.”

At present 13 states impose a tax on Social Security income.

Related Posts

Statement On Today’s U.S. House Impeachment Vote

Statement On Today’s U.S. House Impeachment Vote

Today the U.S. House of Representatives voted to impeach President Trump a second time.  The article accuses President Trump of “incitement of insurrection.” The vote went along party lines. It passed the Democratic-controlled House 232 to 197, with 10 Republicans...

RPNM Statement On House Democrats’ Plan For Impeachment Vote

RPNM Statement On House Democrats’ Plan For Impeachment Vote

The following is a statement from Republican Party of New Mexico Chairman Steve Pearce regarding a plan by U.S. House Democrats to seek an impeachment vote against President Trump: “This kind of rhetoric and action by lawmakers in Washington only pours more fuel on...

Chairman Steve Pearce Elected To Serve On RNC Budget Committee

Chairman Steve Pearce Elected To Serve On RNC Budget Committee

Republican Party of New Mexico Chairman and former New Mexico Congressman Steve Pearce was elected to serve on the RNC Budget Committee during this week’s annual RNC Winter Meeting at Amelia Island, Florida. “It’s a great honor to help serve our national party and to...