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The League of Women Voters of New Mexico is concerned about the last-minute tax bill slammed through the New Mexico Legislature and the broken process.
HB641, like any comprehensive tax legislation, has many components which will have long-term effects on New Mexico’s economy.
Experts are still debating the overall cost and benefit projections, the challenges for municipalities, the difficulties of implementation, and other effects.
Open discussions on these important matters should have taken place before and during the session. Much more time was spent on congratulatory memorials than on examining the various aspects of this major bill. Committee hearings and floor sessions on many inconsequential matters slogged on for most of the session. In the last few days of the session, legislators had to work unreasonably long hours and vote on legislation that they had never seen, much less studied.
They were under tremendous pressure trying to arrive at a grand bargain that the governor would sign.
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