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April 26, 2023
Legislative Review: A Look at the 2023 Session in New Mexico
- A burdensome, loosely defined, state-run paid family and medical leave that would have been funded through a payroll tax on employers and a wage tax on employees.
- Radical $16.00 minimum wage mandated with future increases indexed to inflation in perpetuity.
- Proposals to increase the personal income tax, which is a direct tax on small businesses—most of which are set-up as pass-thru entities.
- Transportation fuel regulations that would have increased the gas tax.
- New private rights of action targeting small business owners with predatory lawsuits.
- Elimination of attorneys’ fee caps in the Workers’ Compensation system that would have added substantial new system costs and increased workers’ compensation insurance premiums.
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