Serving Clovis, Portales and the Surrounding Communities
Serving Clovis, Portales and the Surrounding Communities
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The U.S. Senate, with the support of New Mexico's Martin Heinrich and Tom Udall, recently passed legislation called the "Marketplace Fairness Act." The idea is to set up a new taxation regime that would allow states to collect sales taxes on all online sales. The U.S. Supreme Court's Quill decision of the early 1990s established that online merchants must collect all sales taxes due if they have a physical presence in a particular state, but "mom and pop" merchants are not forced to act as tax collectors for the 9,600+... Full story
Generally, the Rio Grande Foundation focuses primarily on state and local policy issues. Nonetheless, given New Mexico's status as one of, if not the, most reliant states on federal spending within its borders, the perilous condition of the federal budget must be of concern to all New Mexicans. Particularly in this political season, the tendency is for the media and politicians to ignore what then-chairman of the Joint Chiefs of Staff, Admiral Mike Mullen, called, "The biggest threat we have to our national security is our... Full story
Paul Gessing, president of New Mexico's Rio Grande Foundation, a research and educational organization dedicated to promoting prosperity for New Mexico, writes about the perilous condition of the federal budget. Generally, the Rio Grande Foundation focuses primarily on state and local policy issues. Nonetheless, given New Mexico's status as one of, if not the, most reliant states on federal spending within its borders, the perilous condition of the federal budget must be of concern to all New Mexicans. Particularly in this...
