The New Mexico Chamber Executives Association is warning residents about House Bill 11, which they describe as one of the largest tax increases in the state’s history. The bill, if passed, would raise taxes on businesses and individuals, leading to potentially harmful consequences for the economy. The Chamber Association is urging lawmakers to reconsider the bill and find alternative solutions to address budget concerns without burdening taxpayers. This tax increase could have a significant impact on small businesses and working families in New Mexico. The Association is calling for a balanced approach to budgeting that does not rely solely on tax increases to close the budget gap. Residents and businesses are encouraged to stay informed and voice their concerns to lawmakers regarding this proposed tax increase. As the debate on House Bill 11 continues, the New Mexico Chamber Executives Association will continue to advocate for policies that promote economic growth and stability in the state.
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