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The central political battle of our time is between the public sector, public sector unions in particular, and the private sector.
The battle is over “who defines the work and institutions that make a nation thrive and grow,” in the elegant words of columnist Daniel Henninger of the Wall Street Journal. Easterners seem unhappy with the public sector dominance. Scott Brown’s Senate victory in Massachusetts is the prime example.
New Mexico’s public sector continues winning.
Day two of the current session of the Legislature brought HB 9, an immediate 1 percent surtax on “wealthy” single people earning more than $133,000 per year, with higher limits on couples. Democratic heavies in the House introduced the bill, starting with Rep. Ed Sandoval of Albuquerque, chair of the House Taxation and Revenue Committee.
A side note. While $133,000 is much more than I make, people earning that much, though doing nicely, aren’t wealthy. A bunch of them, in truth, work for the government at national laboratories and universities. Others own small businesses.
More tax proposals are expected.
The Legislature’s left has even created a formal “Working Families Caucus.” The group, perhaps the Legislature’s first formal caucus, is aghast at spending cuts.
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