It’s your money taxpayers! What do you think?
Hamilton Kahn of KOAT TV Reports:
$9.57 billion budget advances through Senate, heads back to House
More Here:
BY
SANTA FE — A generous tax package taking shape at the Roundhouse would deliver $500 rebates to each tax filer, cut income taxes and reduce the gross receipts tax paid by shoppers at the register.
ABQ Journal: New Mexico House endorses plan for $500 rebates, reduced income taxes
Santa Fe New Mexican Reports:
NM Senate passes $9.57 billion budget amid accusations of backroom shenanigans
NEWS RELEASE: New Mexico Senate Approves State Budget with Bipartisan Opposition
SANTA FE — Today, the Senate passed the state budget on a vote of 25-16. All Senate Republicans and one Democrat voted against the bill.
“What the public witnessed today was the culmination of “some of the worst policymaking in this state’s history” said Senator Pat Woods (R-Broadview). “Our booming energy industry gave us an opportunity to make a generational difference in this state. Instead, the Legislature has caved to the political will of the Governor and those who have her ear. The people deserve more from their elected appropriators and until this budgeting process changes, we will continue to pass bad budgets.”
“This is the largest, least sustainable, and most partisan budget this state has seen,” added Senator Crystal Diamond (R-Elephant Butte). “Though I am proud to have been part of a budget that will make major investments in law enforcement, fire recovery, CYFD, education, and vital infrastructure projects, I could not support the behemoth package as a whole. I suspect even a slight downturn in oil and gas prices with cause significant pain and difficult decisions in the near future.”
BREAKING NEWS FROM CNN:
President Joe Biden plans to address Americans this morning about his administration’s emergency response to the failure of two banks over the past few days. This comes after tech lender Silicon Valley Bank collapsed Friday in the second-largest failure of a financial institution in US history. (The Biden administration on Sunday guaranteed that those impacted by SVB’s collapse will get their money back starting today.) In a related action, the government shut down Signature Bank, which was teetering on the brink of collapse in recent days. Wall Street investors were relieved by the intervention after markets tumbled late last week, but some analysts say smaller banks that are disproportionately tied to cash-strapped industries like tech and crypto may be in for a rough ride.
US, UK try to stem fallout from Silicon Valley Bank collapse
From earlier today:
Fallout from Silicon Valley Bank collapse to dominate Capitol Hill, Regulators seek to calm the banking industry
The government has no money….we are so broke……. but Biden keeps printing monopoly money in the basement. The federal government has spent $723 billion more than it has collected in fiscal year (FY) 2023, resulting in a national deficit. More Here
I do not even know if Americans is paying attention…..
Danger ahead folks……..gonna have to ‘pay the piper’ sooner than later…..’the house of cards’ or what I call the ‘house of freebies’ will fall sooner than later. Americans love FREE money from the government. The DEMS have hooked many on the free money, while us taxpayers suffer.
You could call the White House, ‘The House of Horrors’
From THE HILL:
The collapse of Silicon Valley Bank (SVB) is likely to dominate chatter on Capitol Hill this week, as lawmakers look to learn more about the bank failure and regulators seek to calm the banking industry.
Regulators shut down Silicon Valley Bank on Friday after the institution saw a significant run amid liquidity issues, marking the largest bank failure since the 2008 recession and the second-largest in U.S. history. More Here