Lujan Grisham Reduces Gross Receipt Tax—A Policy Both Republicans and Democrats Have Supported For Years
Today, Governor Michelle Lujan Grisham announced that she will be cutting sales taxes for all New Mexicans. The governor will champion a statewide 0.25 percent cut to New Mexico’s gross receipt tax, saving consumers and businesses $145 million every year. The tax cut will put money directly back into the pockets of New Mexicans, especially small business owners and lower income families.
Governor Lujan Grisham’s tax cut should be welcomed with rousing bipartisan support; here is what Republicans have said about the gross receipt tax already:
- Rebecca Dow, State Representative and GOP Candidate for Governor, has said that “we need that reform” and reducing the gross receipt tax is “one of the key things” needed for New Mexico “to become business friendly and to thrive.”
- Steve Pearce, Chairman of the New Mexico Republican party, has explained he wants “work in a bipartisan way with the legislature to make a fairer, simpler GRT with a lower base rate”—exactly what Governor Lujan Grisham’s tax cut will accomplish.
- Karen Bedonie, GOP Candidate for Governor, has said “we have to cut that red tape down, you know, huge amount, even our gross receipt taxes.”
- Paul Guessing, conservative political operative and president of New Mexico’s Rio Grande Foundation, has repeatedly pushed for gross receipt tax reform. He’s said “reducing high GRT rates would be a welcome move,” and gross receipt tax reform “can make us more competitive.”
We all know how much the Republicans love to moan and groan about Governor Lujan Grisham’s successful record navigating the COVID-19 pandemic, investing over a billion dollars in New Mexico’s public education system, and bringing jobs and economic growth to New Mexico—but this gross receipt tax reform should be something every Republican can get behind. And hey—if they don’t, we’ll remind them that they’re already on the record supporting Governor Lujan Grisham’s tax cut.