Thursday, 25 October 2018 22:19

Setting the Record Straight: no lies, but let’s talk some truth.

The final televised fight – or as some would say Gubernatorial Debate – was last night. It was easy to see the passion and determination in both candidates. The question is will that passion and determination help or hurt the state of New Mexico and the people living here?

There were two things discussed early in the debate that are a BIG deal for NMBC:

Raiding the permanent fund: NMBC has worked for years to protect the Land Grant Permanent Fund from being decimated by mismanagement and distributions that are too high. We have testified in more legislative committees than we can count to stop legislators from treating this fund like the state’s bank account - it is not. The fund is designed to provide for our children’s education in perpetuity and in just a few years – if left alone – will provide $1billion/year for that purpose. The fund will continue to grow and provide more to education, if we can keep the raids from occurring. Currently the fund saves tax payers about $1,100/year in taxes.

NMBC has had numerous op eds published on the subject that you can read here, here and here.

Increasing the distributions from this fund is an absolute nonstarter for NMBC!

Here are the candidates’ intentions in regards to the Land Grant Permanent Fund:

  • Lujan-Grisham: YES, she wants more out of the fund
  • Pearce: NO, he does not want to increase distributions from the fund

Increasing the state’s minimum wage: NMBC is opposed to government mandated wages. Period. Free, competitive markets will set wages appropriately.

Increased minimum wages will hurt the very people that some say they are trying to help. How?

  1. Employers who can’t afford the increase will shed positions or go out of business, meaning fewer jobs;
  2. People in some positions impacted by the increase will be replaced with kiosks and self-checkouts. Have you been to Wal-Mart or Sams recently?
  3. Those employers who don’t go out of business will raise prices to cover the increased wage costs, which means higher service and commodity costs. And the working poor could find themselves further behind than before the ‘raise.’
  4. NMBC's op ed on minimum wage has been published here.

    Here are the candidates’ intentions in regards to raising the minimum wage:

    • Pearce: NO, he will not raise the minimum wage;
    • Lujan-Grisham: YES, she will raise the minimum wage initially to $10/hour and go up to $12/hour with automatic cost of living increases.

    There has never been a time more important than now to VOTE!

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