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Experts recommend increasing alcohol taxes in New Mexico; should the state follow suit? – KRQE News 13


According to experts, New Mexico should raise its alcohol taxes in order to address social and health issues related to excessive drinking. The experts argue that the current low alcohol taxes in the state contribute to high rates of alcohol-related problems such as drunk driving and liver disease.

Raising alcohol taxes is seen as a way to reduce excessive consumption by making alcohol more expensive and therefore less accessible to vulnerable populations, such as minors and low-income individuals. Some studies have shown that increasing alcohol taxes can lead to a decrease in alcohol-related harm, as people tend to drink less when prices are higher.

In addition to addressing public health concerns, increasing alcohol taxes could also provide a much-needed source of revenue for the state. The extra funds generated from higher alcohol taxes could be used to support programs aimed at preventing alcohol abuse and treating alcohol-related illnesses, as well as other important public services.

Some critics, however, argue that raising alcohol taxes could have negative economic impacts, such as hurting the hospitality industry and leading to job losses. In response, supporters of higher alcohol taxes point to research showing that the overall economic benefits of reducing alcohol-related harm outweigh these potential drawbacks.

Ultimately, the decision to raise alcohol taxes in New Mexico will require careful consideration of the potential benefits and drawbacks. By weighing the evidence and consulting with experts, policymakers can make informed decisions that prioritize public health and safety while also acknowledging the economic implications.

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