Episode 296: New Mexico Can Cut Paychecks Loose From State Income Tax

Groceries are up, gas is up, and a lot of New Mexico families are doing that quiet math at the checkout line, hoping the card doesn’t decline. We start with the most surprising development we’ve seen in a long time: a top New Mexico Democrat, Sen. George Muñoz, publicly laying out a serious case for reducing and ultimately eliminating the New Mexico state income tax. We read the strongest lines, talk about what “real relief” looks like, and why measuring government success by bigger reserves misses the point when working people are falling behind.Then we get practical about the numbers. New Mexico’s oil and gas revenue and permanent fund investment returns have changed the state’s balance sheet, and we break down why that matters for tax reform, take-home pay, business growth, and competitiveness with states like Texas. We also talk politics, pushback, and what it would take for enough lawmakers to actually move a bill, plus a simple step listeners can take: contacting their state representative.From there we pivot to the governor’s race reality check: Deb Haaland’s massive cash advantage over Gregg Hull, why “money shouldn’t matter” is not a campaign plan, and how TV markets and late advertising can decide elections. We also hit two national Senate stories that reveal what primaries reward: the Maine blowup around Graham Plattner and the pressure to swap nominees, plus Michigan’s Democratic split and the fear of confronting extremist rhetoric. We wrap with Mitch McConnell’s reported decline and his outsized impact on the Supreme Court, then end on something actionable for families: Trump accounts, financial education, and the power of compounding interest.Subscribe, share this with a friend who cares about policy, and leave a rating and review so more people can find us.Website: https://www.nodoubtaboutitpodcast.com/Twitter: @nodoubtpodcastFacebook: https://www.facebook.com/NoDoubtAboutItPod/Instagram: https://www.instagram.com/markronchettinm/?igshid=NTc4MTIwNjQ2YQ%3D%3D