Tipping Point New Mexico podcast host Wally Drangmeister said New Mexico's economic policies have disconnected from available tax revenues, noting the state could implement reforms like eliminating income tax or addressing the "regressive" gross receipts tax system but has not pursued such changes. Drangmeister made his statement in a recent episode of the Tipping Point New Mexico podcast.

"Over the past couple of years, New Mexico has experienced a decoupling of its economic policy from the availability of tax revenues in Santa Fe, which is another way of saying that they don't see the economic results in the state government coffers by things that are doing that are not pro-economic growth," said Drangmeister on the Tipping Point New Mexico podcast. “We could eliminate our income tax. That would be nice.”

“We could reform our extremely anti-business and anti-growth and anti-everything because it's a very regressive tax, gross receipts tax system," said Drangmeister. “But, we tend not to do that. And then it's interesting, the right to work. We almost got there in the olden days, but Bruce King vetoed it at the last minute if my history is remembered correctly.”

The latest edition of the podcast covered New Mexico's slow population growth, recent tax changes, and a draft clean fuel standard. It also discussed a rise in RailRunner ridership, Mayor Tim Keller's use of federal COVID funds for raises, 2025 legislative bills, Justin Trudeau's resignation, and former President Biden’s offshore resource restrictions.

Tipping Point New Mexico is a podcast hosted by Paul Gessing and Wally Drangmeister of the Rio Grande Foundation, focusing on public policy issues in New Mexico. The Rio Grande Foundation is a research institute promoting individual freedom, limited government, and economic opportunity to enhance liberty and prosperity for New Mexico residents.

This full episode is available on the Tipping Point New Mexico website and YouTube channel.