The Governor’s Push for Hydrogen & Tax Laws Explained | 1.31.22

Lawmakers are considering new legislation that would put New Mexico on a pathway to become a leader in hydrogen energy production. But is there enough science to merit such an investment? Our Line Opinion panelists explore the unknowns of the controversial energy source, and weigh the potential economic consequences for New Mexico if lawmakers hesitate on taking the lead. Gene Grant sits down with tax expert Richard Anklam to dig through the tax cuts being weighed in the legislature. Are these reforms thorough enough to make a difference for New Mexican families and businesses? Plus, are there risks to making tax cuts right now? Plus, Lawmakers are firmly focused on completing the obligations of this year’s regular session, but how much does the upcoming midterm election play into their decision making? Our Line Opinion panelists try to identify the motivations of some recent developments in Santa Fe as some lawmakers position themselves for reelection. Line Opinion Panelists: Dede Feldman, former state senator Diane Snyder, former state senator Algernon D’Ammassa, reporter & columnist, Las Cruces Sun-News Guest: Richard Anklam – Director, New Mexico Tax Research Institute For More Information: State Agencies, National Labs Team Up in Zero-Carbon Hydrogen Effort – NM Political Report New Data Shows Massive Climate-Warming Leaks by NM Oil & Gas Operators – NM Political Report State & National Laboratories Execute Agreement on Development of Zero-Carbon Hydrogen – Los Alamos Reporter House Bill 4 – Hydrogen Hub Development Act New Mexico May Limit of Scrap Tax on Social Security Income – Las Cruces Sun-News Legislative Updates & Proposed Legislation – Tax.NewMexico.Gov New Mexico Tax Research Institute State Republican Party Sues Over Redistricting Map – The Paper Republican Party Challenges New Mexico Political Maps – Associated Press Governor Steps in as a Teacher for a Day – Albuquerque Journal