SANTA FE – What will the next 20 days bring? Republican leaders say all $650 million of the deficit should be covered by cuts in government.
Gov. Bill Richardson has ruled out increasing any of the taxes he has cut during the first seven years of his administration.
Some Democrats say all of the deficit must be covered by additional taxes. Their reasoning is that since taxes were cut by a billion dollars during the good years of the Richardson administration, they should be reinstated now that the economy has turned bad.