Nixing state income tax boosts opportunity

If the classic 1940 movie “Grapes of Wrath” were remade for 2012, the Joad family would be trekking, instead, from California to Oklahoma. Based on the 1939 novel by Californian John Steinbeck, the movie showed the Joads suffering through the 1930s Great Depression and Dust Bowl in Oklahoma, then striking out for the Golden State […]

Income gap not wide between rich, poor

A Congressional Budget Office study has claimed that between 1979 and 2007 after-tax income for richest households grew substantially more than it did for others. Let’s look at what is not happening. The poor are not getting poorer because the rich are getting richer. Gary Burtless of the Brookings Institution says living standards have improved […]

Their view: Capping program would cut service

F.J. Pollak is president, CEO, and co-founder of TracFone Wireless. He writes about the need to preserve subsidized phone service for low-income Americans. Federal regulators recently announced a move that could deprive millions of low-income Americans of one of modern life’s necessities — the telephone. Officials at the Federal Communications Commission are considering a series […]

Press release: $46 million for low income communities

WASHINGTON – U.S. Senator Tom Udall (D-NM) today announced that Finance New Mexico will receive $46 million to support job creation and investments from the private-sector in economically distressed communities across the state. The $46 million comes through the New Markets Tax Credit (NMTC) program under the U.S. Department of the Treasury’s Community Development Financial […]

Their view: Corporate income tax inefficient

Corporate income tax inefficient Economist Mark W. Hendrickson, contributing scholar with The Center for Vision & Values at Grove City College in Pennsylvania, submitted his views on corporate income taxes in a guest column for newspapers across the country. Here’s a snippet from his report:

Energy assistance program latest boondoggle

Freedom New Mexico Even as the federal government continues its grandiose mission of redistributing your tax money, we continue to learn how unaccountable its corrupt system already is. The Government Accounting Office, which monitors how Washington manages tax money, has uncovered yet another expensive boondoggle amid the well-intentioned federal giveaway of billions of dollars, this […]

Poor economy boosting recruitment

By Tom Philpott: PNT columnist Middle-class American youth are entering the military in significant numbers today, drawn by more competitive pay, a battered civilian job market and the buzz surrounding an improved GI Bill education benefit. The Department of Defense announced earlier this month that for the first time since the draft ended and the […]

VA health enrollment will increase

By Tom Philpott: PNT columnist An estimated 258,000 middle-income veterans with no service-connected health conditions will be allowed by late June to enroll in the VA health care system.

Briefs 12-23

PNT Staff Reports USDA accepting public comment on regulation The U.S. Department of Agriculture started accepting public comment Monday on a new regulation changing adjusted gross income qualifications for disaster and commodity programs, according to a USDA press release. Changes include reducing qualifications for disaster and commodity programs from an adjusted gross income of $2.5 […]

Local Brief Nov. 11

PNT Staff Report AARP seeks income tax preparation volunteers AARP Tax-Aide is looking for volunteers for tax counseling and leadership positions. Each year from Feb. 1 through April 15, AARP Tax-Aide volunteers prepare federal, state and local tax returns for low- and middle-income taxpayers.

2-17-08 Local Briefs

MS group to meet An area Multiple Sclerosis self-help group will meet at 6:30 p.m. Tuesday in the Caduceus Room at Plains Regional Medical Center, 2100 N. Martin Luther King, Clovis. Dr. Oswald Graham is the guest speaker and will be addressing nutrition. Information: Panhandle Division of the National Multiple Sclerosis Society at 806-468-7500 or […]

Democratic presidential candidate profiles

Editor’s note: The following profiles of presidential candidates are intended to help voters decide whether individual freedom will advance or retreat if the candidate is elected. Hillary Clinton A Hillary Clinton presidency poses substantive threats to individual freedom. Her statist approach would injuriously intrude into nearly every aspect of life. Clinton would have the government […]

Alternative minimum tax should be repealed

Editorial According to the New York Times, “House Democratic leaders, in an effort to upstage Republicans on the issue of tax cuts, are preparing legislation that would permanently shield all but the very richest taxpayers from the alternative minimum tax, which is likely to affect tens of millions of families as early as next year […]

Governor’s tax proposal pleases local residents

By Sharna Johnson: Freedom Newspapers A proposal by Gov. Bill Richardson that would offer income tax breaks to military members and retirees is good news to some area residents. Active-duty military personnel who are New Mexico residents, under the proposal, would not be required to pay state income tax on their federal salaries, and retirees […]

Portales ranks 15th in quality-of-life study

By Paula Cronic: PNT Staff Writer A quality-of-life study conducted by an Internet subsidiary of American City Business Journals has ranked Portales 15th in the nation among micropolitan areas. “Isn’t that something? I’m surprised we’re even on the list,” Roosevelt County Chamber of Commerce Manager Sharon King said. “How interesting. I think it’s absolutely wonderful […]

Beware what passes through the mailbox

Helena Rodriquez How stupid do they think I am? That’s what I ask myself when I get these annoying $5 or $10 checks in the mail from credit card companies, when I get e-mails saying I’ve won dinners at restaurants or gift certificates from department stores. And then there’s the e-mail I got this week […]

Committee shelves bill to speed up tax cuts

The Associated Press SANTA FE — A proposal to speed up the phase-in of personal income tax cuts was derailed Thursday by a House committee on a party-line vote. The measure by Rep. Justine Fox-Young, R-Albuquerque, would lower the top marginal tax rate to 4.9 percent this year rather than waiting until 2008 under the […]

Tax laws favor military members

By Tom Philpott: Military Update If tax laws mirror a nation’s values, then America clearly values its military personnel, and more so today than a few years ago. Combat-zone tax exclusions, combined with changes to the Earned Income Tax Credit (EITC) and child tax credits, have reduced or even wiped out the tax liability of […]

RGH to ask for $1.1 million intensive care unit

By Tony Parra Tuesday was the start of the 2006 legislative session and hospital officials want a portion of the excess amount of capital outlay revenue for an intensive care unit. Monday was the first day of the 30-day session, which with the help of oil and gas revenues, has created the largest surplus in […]

Tax center to open

Courtesy of the 27th Fighter Wing Tax Office One of the most dreaded times of the year is once again upon us: tax season, however, completing and filing tax forms can be painless, simple, and free at the Cannon Tax Office, which will open Jan. 26 through April 17. The Tax Office is now located […]