On Monday, Democrats in the New Mexico House Taxation and Revenue Committee voted to block a bill, H.B. 49 that would lower New Mexico senior citizens’ tax burden by exempting their Social Security income (SSI). The anti-senior citizen vote will continue New Mexico’s policy of forcing senior citizens to shell out a chunk of their Social Security checks to the NM State government.
Two of H.B. 49’s five sponsors, Reps. Cathrynn Brown (R-Eddy) and Rebecca Dow (R-Grant, Hidalgo & Sierra) said of their bill, “New Mexico cannot afford another year of being uncompetitive with our neighboring states. It’s time to level the playing field. Studies show that many senior citizens would consider moving to New Mexico if we did not tax Social Security income, and quite a few retirees would decide to stay. If legislators are serious about attracting retirees to New Mexico, this is a meaningful way to show it. In the long run, not only will New Mexico seniors get the tax relief they deserve, but the state will benefit culturally and economically from the new influx of retirees.”
The bill previously passed the Labor, Veterans & Military Affairs Committee on February 2nd, with a “do pass” recommendation from the committee and rare bipartisan support. During its first committee, Reps. Eliseo Alcon (D-Cibola & McKinley), Patricia Roybal Caballero (D-Bernalillo), and Angelica Rubio (D-Doña Ana) opposed the bill.
However, the seemingly commonsense bill met its fate in the House Taxation and Revenue Committee, chaired by far-left Rep. Javier Martinez (D-Bernalillo).
After the disappointing vote, the New Mexico House Republicans tweeted, “Social Security tax exemption (HB49) was blocked by @NMHouseDems. What a year for our senior citizens… first being kicked out of senior homes bc state offered more $ for COVID beds, basically endless lines for vax and food, and now a double down on taxing SSI.”
This is a developing story. The final vote tally and the names of the representatives who voted against New Mexico seniors will be added once the final vote tally is available.