Joe Cervantes on Corporations
Celebrate small business to create job opportunities
Joe Cervantes says to create jobs, rural and small businesses like those in Truth or Consequences should be celebrated. "As a small business owner, I understand what it's going to take for New Mexico to create jobs through our small business economy,
and I want to bring that experience as a small businessman, as a farmer from Southern New Mexico to the state and create those job opportunities for all New Mexicans," Cervantes said.
New Mexico's unemployment rate stands at 6 percent, the second
highest in the U.S. behind Alaska. Cervantes said creating tax cuts for large corporations, like those in the recently passed federal tax bill, isn't the way to grow the state's economy. "The way we create the economy is by recognizing what's best about
New Mexico: Our proximity to the border, our relationship to other states and frankly our abundant natural resources. These are all the things that are resources we have here in New Mexico that we need to take better advantage of," Cervantes said.
Source: KRWG TV on 2018 New Mexico governor debate
, Feb 9, 2018
Corporate tax cuts failed to create jobs
We passed corporate tax cuts [in 2013] which I opposed. It was evident that the numbers given to legislators were misrepresented. The net loss is hundreds of thousands of dollars. Cities and counties were then forced to cure the cuts by raising local
taxes. When you cut corporate taxes and turn around and raise their gross receipts taxes, nobody in business is fooled by it. That's why those corporate tax cuts failed to accomplish the job growth promised.
Source: NM Political Report on 2018 New Mexico Gubernatorial race
, Jul 7, 2017
Page last updated: Jun 23, 2018