Business, Economy, and Revenue Sources

Business, Economy, and Revenue Sources

Every American, including women, people of color, and other marginalized communities, has the right to a job that provides for adequate food, housing, clothing, health care, recreation, and protection from the economic fears of old age, illness, or accidents. We must ensure adequate resources for future generations to provide equally for themselves. Businesses have the right to operate free from unfair competition at home and abroad. We support a progressive tax system where all businesses and individuals pay their fair share.

We Affirm

1. Our nation’s spending on infrastructure has fallen to its lowest level in 70 years, resulting in lost productivity,
investment, collapse of U.S. manufacturing, and a degradation of our competitive edge worldwide; and
2. All jobs must pay a living wage; and
3. Veterans, the technologically displaced, people with housing insecurity, people with disabilities, people with
limited transportation options, youth, and the elderly routinely face barriers to employment and economic
opportunity; and
4. Our support for single-payer universal health care because individuals should be empowered to make
employment and life decisions that are independent of where they live and where or if they work; and
5. New Mexico should require that new electrical generating facilities be renewable and advance the date for
implementation of the Renewable Portfolio Standards to facilitate New Mexico’s role as a leader in this
sector; and
6. New Mexico must reinstate the New Mexico solar energy tax credit and expand incentives for home
installation of solar panels, passive solar, green technology, and water conservation; and
7. Employers in New Mexico should be supported and incentivized to hire locally; and
8. Direct job creation should be supported through investments in infrastructure, transportation, renewable
energy research, and water conservation; and
9. That strong economic growth, which provides equal opportunity to all, reduces crime, domestic violence, and
substance abuse rates; and
10. It is a right of all New Mexicans to have a strong safety net of social services; and
11. New Mexico-owned small businesses should receive preferential treatment with respect to taxation and
awarding of grants, contracts, and incentives; and
12. Statewide workforce development, vocational training, and educational programs spur economic development
and create jobs in all sectors of the economy; and
13. A stable state budget, with revenues from diversified streams and industries, will hedge against market
volatility; and
14. That regulation of banks and other financial institutions benefits all New Mexicans; and
15. That New Mexico should investigate and pursue development of a public banking system; and
16. Predatory lending is a scourge on the economy and harmful to New Mexicans; and
17. Privatization of essential government functions and outsourcing of public-sector jobs harms the economy and
the people; and
18. Strong unions and union labor benefit New Mexico, its people, its businesses, and its economy; and
19. At-will employment and so-called right-to-work laws threaten the power of unions, New Mexico’s workers,
their job security, and their right to fair compensation, and the economy of the state; and
20. Strong and effective state and federal regulation of monopolies and other dominant businesses serves the
public interest; and
21. Support for the use of the Defense Production Act for government-ordered production by businesses of
resources and material needed during public health emergencies; and
22. That adequate investment in programs to prevent the spread of contagious disease, ensure adequate supplies
during public health emergencies, and to provide means for all people to practice good hygiene is good for
public health, business, and the economy; and
23. That during public health emergencies government programs are essential to support businesses and the
economy; and
24. Effective government policy during public health emergencies prevents harm to people, stabilizes the
economy, and supports labor and business.

We Will

1. Support business incubator and business development programs statewide; and
2. Expand training and retraining programs to ensure that all New Mexicans have broad economic opportunities;
3. Promote policies that encourage employers to hire locals; and
4. Foster programs that remove barriers and create a path to employment for the chronically unemployed,
including veterans, technologically displaced people, people with housing insecurity, people with disabilities,
people with limited transportation options, youth, and the elderly; and
5. Support and diversify New Mexico’s economy through investment in tourism and the promotion of
made-in-New Mexico products and our unique attractions; and
6. Celebrate and support our state’s multicultural identity, beautiful terrain and wildlife, public lands and
monuments, and opportunities for adventure; and
7. Keep our dollars at home with buy-local initiatives; and
8. Develop the market for products made in New Mexico or by New Mexican companies; and
9. Support the formation of a National Infrastructure Bank (NIB) modeled on the four previous nationally
chartered public banks to fund the development of infrastructure needed to support a thriving economy while
providing good-paying jobs; and
10. Pursue public banking options to increase state revenues without increasing taxes; and
11. Support the Taxation and Revenue Department by providing the staffing and funding necessary to ensure that
the severance tax and royalties due from natural resources extraction are collected. This should include
enacting penalties and interest on companies that have failed to report to the State, whether due to negligence
or disregard of rules and regulations; and
12. Enhance New Mexico’s international economy by promoting fair trade policies with Mexico and other
countries. Other examples of these efforts include expanding our aerospace industry, developing global
promotion programs, increasing the number of destinations for direct flights, and boosting the exports of
renewable energy, technologies, and other products; and
13. Invest in economic growth in the technology sector through STEAM (science, technology, engineering, arts,
mathematics) education, the development and promotion of advanced technology applications, and supporting
innovators by teaching information technology and coding in every public school; and
14. Support government, microloan, and other financial assistance programs to meet the needs of each borrower
fairly and transparently; and
15. Demand that the federal and state government stockpile resources needed for public health emergencies and
for when there is an acute national security crisis; and
16. Ensure that during public health emergencies and acute threats to national security the federal government
directs businesses to produce resources as necessary to protect and safeguard people, businesses, and the
economy, in conjunction and collaboration with state and local government; and
17. Demand that during public health crises and acute threats to national security, the government subsidize
businesses in order to stabilize the economy and provide for the people; and
18. Support programs that retrain workers displaced by public health emergencies, acute national security threats,
and the transition from a fossil-fuel economy to a clean-energy economy.

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