NMBC is pleased to be working with NAM in opposition of the move by the U.S. Environmental Protection Agency (EPA) that would tighten federal ozone standards. To help educate New Mexicans on the negative impact the proposed EPA ozone regulations would have on our state, the following ad is out on local television stations and via social media:
Realities of the Affordable Care Act (ACA) are Taking Hold Across the U.S. and in NM: Realities of the Affordable Care Act (ACA) are Taking Hold Across the U.S. and in NM: Part of the federal healthcare program referred to as Obamacare provided guidelines for each state to establish healthcare exchanges. NM was one of the states that 'opted in' and chose to set up an ACA state exchange. Now, several state programs including Minnesota, Maryland, Vermont and Oregon are experiencing problems that affect policy holders. Hawaii completely shut their state exchange down. Here in New Mexico, Blue Cross Blue Shield Here in New Mexico, Blue Cross Blue Shield (BCBS) announced it would pull out of the state health exchange beginning January 1 of 2016. After losing more than $19.2 million, BCBS requested a 51.6 percent average premium increase that was denied. BCBS felt there was no alternative other than to pull out of the state exchange program.
U.S. Marshall Conrad Candelaria provided a moving keynote speech honoring heroes at the New Mexico Business Coalition's annual Heroes luncheon. The event sold out twice, but the Marriott Pyramid came through and made room for everyone. Read the front page ABQ Journal article HERE.
Google is Leaving NM after announcing it would pull Titan Aerospace out of Moriarty. New Mexico invested $1 million in infrastructure and an additional $141,000 in Job Training Incentive Program (JTIP) funds. Google has agreed to repay the infrastructure investment which will be available for a future tenant.
The ABQ Fair Workweek Act will do ZERO Good for Employees and Businesses: Albuquerque City Councilor Ken Sanchez has asked for a fiscal and economic impact analysis to be conducted before further action on the ‘Fair Workweek’ ordinance is taken. That’s good news. Hopefully the council will be able to see that the proposed ordinance will hurt businesses, jobs and our economy. The NMBC will continue working against this ordinance and will monitor the proceedings.
Is the American Dream Dead? As the debate continues over minimum wage, the news is not always good and the outcome not always as intended. Seattle is suffering unintended consequences from some of those receiving increased wages requesting fewer hours so they can continue to collect welfare benefits.
The Truth Should Lead the Conversation: The NMBC Energy Summit on July 1 was successful in bringing out facts about the extreme environmental agenda in opposition to the extraction and use of New Mexico’s natural resources. An attendee of the event wrote to the Albuquerque Journal last week to give his take on this article.
The IRS to Penalize Small Businesses who Reimburse Employee Healthcare Costs: The IRS initiated a new rule effective July 1, 2015 that could crush many small businesses. The 'excise tax' affects employers who do not offer a group health plan (which is not required for companies with less than 50 employees), but give their workers additional pay to compensate for the purchase of health insurance or direct medical expenses.