USA: Governor reins in tax relief proposal, boosts state spending
SANTA FE, N.M. (AP) — The governor of New Mexico scaled back a tax relief package on Friday based on concerns it could undermine future spending on public education, heath care and law enforcement while signing into law $500 individual tax rebates and the largest proposed spending plan in state history.
Vetoed items within the tax relief package included reduced tax rates on personal income, sales and business transactions as well as proposed credits toward the purchase of electric vehicles and related charging equipment.