The time for motor carrier deregulation has arrived

The Rio Grande Foundation recently completed a report in which it analyzed dozens of state regulations that are holding back our economy and need to be eliminated or reformed. The need for deregulation has never been more apparent with our economy losing jobs and seeing an outflow of workers (according to a recent report from United Van Lines).
Unlike many issues in Santa Fe, deregulation has not historically been a partisan issue. At the federal level, President Jimmy Carter deregulated trucking, freight rail, and airlines to positive effect in the 1970s. President Reagan continued those efforts in ways that led to significant economic growth throughout the 1980s.
To further illustrate the point that deregulation can and should be bi-partisan, we are pleased to see that Think New Mexico has embraced the concept of deregulation, at least insofar as motor carriers here in New Mexico are concerned.
Think New Mexico has been working to pass House Bill 194, legislation sponsored on a bi-partisan basis by Republican Rep. Tom Taylor and Democrat Rep. Carl Trujillo. The bill attempts to overcome many of the most absurd barriers to free competition in transportation services. These barriers harm both New Mexico’s economy and reduce options for consumers.

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