New Mexico in Focus; 815; Tax Cuts Reconsidered

SRT Captions File Generated by MXFplus MAJOR FUNDING FOR IN FOCUS IS ENVIRONMENT AND SPIRITUAL LIFE OF THE CITIZENS OF NEW MEXICO. TAX CUTS BAD FOR NEW MEXICO? SOME STATE LAWMAKERS AND

IS IT TIME TO PUT THE AN INNOVATIVE PROGRAM IS WORKING >> KATE: WELCOME TO IN FOCUS. RICHARDSON DID WHAT HIS HE ASKED FOR, RECEIVED AND ATTRACT NEW BUSINESSES, JOBS, THIS WEEK NEW MEXICO VOICES FOR PLAN, THE JOBS AREN'T THE REPORT, BUT THEY MAY BUSINESSES.

DISAGREE, AND BOTH SIDES SAY THE HOLD OR ALLOW THEM TO CONTINUE? IN ALBUQUERQUE, I'M JOINED BY DEMOCRATIC SENATOR LINDA LOPEZ, 469, TO ELIMINATE THE TAX CUTS ME IN ALBUQUERQUE IS J.D. BULLINGTON, VICE PRESIDENT OF FINALLY, IN SANTA FE IS RICK DEPARTMENT. DREW US ALL TO THIS TABLE. >> MR. BRADLEY: WELL, FIRST ECONOMIC DATA SINCE I WENT TO WAS MANAGER OF THE ECONOMIC

REPORT. THIS SET OF DATA. BEEN ATTENDING MEETINGS OF THE THAT I'LL BE TALKING ABOUT THE NUMBER OF JOBS IS A GOOD SHORTHAND WAY FOR ECONOMISTS TO LOOK AT A STATE'S ECONOMY. SO LOOKING AT THE PERCENTAGE OF JOB GROWTH IS TYPICALLY WHAT ECONOMIC FORECASTING SERVICE, PUT TOGETHER THEIR QUARTERLY THE JOB GROWTH WOULD BE ROUGHLY 1% IN 2003 AND 2% IN 2004. AND THAT IS, INDEED, ABOUT WHAT

HAPPENED EVEN THOUGH THE TAX CUTS, AS YOU MENTIONED AT FIRST, TOOK EFFECT RIGHT AFTER THAT, IN 2003. CURRENTLY, JOB GROWTH IS CHANGED VERY MUCH, THIS IS AS AT THE SAME TIME THAT THE TAX ASSUMPTION, AS I MENTIONED IT IMPROVE. JOB GROWTH IS COMING IN AT ABOUT GROWTHS ARE HAVING NO -- THE JOB THE TAX CUTS. THIS REPORT IS AS INVALID TODAY GOVERNOR RICHARDSON HAD SIGNED MEXICO, WITH HIGH TAX STATES

WITH CONNECTICUT AND NEW YORK. NEVADA, ARIZONA, AND COLORADO, LOW TAX RATES. BE. ANYONE WHO IS ON THE FRONT LINE OF ECONOMIC DEVELOPMENT, IN THE YOU'VE GOT TO LOWER OUR GRADE READING AND MATH SCORES, ISOLATED ELEMENT OF OUR BUSINESS BECAUSE IT'S ONE OVERALL COULD JUST ADD, ALL THE NUMBERS DRAMATICALLY, FROM 6.8 TO 5.2%. WE'RE IN THE TOP QUARTER OF INCOME GROWTH.

RESEARCH, WHICH IS THE LEADING NATIONAL AVERAGES WHEN IT COMES ECONOMIC DEVELOPMENT ACTIVITY TO MAKE NEW MEXICO COMPETITIVE >> KATE: RICK, THOUGH, DO YOU PERSONAL INCOME TAX CUTS? FIRST THING THAT WE SELL WHEN WE AND THE JOBS WE'RE TRYING TO THOSE JOBS TO BECOME MORE OUR SURROUNDING STATES. WORKING VERY WELL RIGHT NOW, AND

MOVE TO THE WOMAN WHO DOES WANT TAX CUTS. >> SEN. LOPEZ: WELL, KATE, I THERE'S ANOTHER PIECE OF THIS EQUATION, TOO, BESIDES JUST THE THE STATE OF NEW MEXICO, WHICH I MY COLLEAGUE SITTING TO MY LEFT FACTOR OF HOW -- WHAT WE ARE WITH STATE MONIES, THAT WE DO AND THE FORECASTING THAT I HAVE ECONOMY, AND WHEN I SAY THAT, TO FULLY FUND EDUCATION, TO

THE OTHER NECESSARY SERVICES YOU, YOURSELF, WERE MENTIONING >> MR. BULLINGTON: THAT'S SPEND ON THOSE? WHEN WE REMOVED THE GROSS UP BY AN INCREASE IN THE OVERALL TO SAY THAT WE'RE GOING TO HAVE ARE FULLY IMPLEMENTED IS WRONG. STRUCTURE, AND THERE'S GOING TO WHEN YOU TALK ABOUT IMPROVING MOST OF THE PUBLIC KNOWS I VOTED AGAINST THE TAX REMOVAL ON GROCERIES.

VERY SIMILAR, THE TAX WAS PASSED INFORMATION FROM MY CONSTITUENCY THE GROCERY STORE. IS WHEN YOU TALK ABOUT THE AGAIN, IT'S HITTING A CERTAIN MIDDLE TO LOWER END OF THE POCKETS. TAKE CARE, MAKE SURE WE HAVE BILL -- I APPRECIATE THE TWO YEARS AGO WE DIDN'T REALLY HERE, CURRENTLY, WHO LIVE, WHO

JUST SAY THE WHOLE POINT OF MORE COMPETITIVE AND TO GET MORE GROW THE ECONOMIC OPPORTUNITY GOING TO DO IT IS BY ATTRACTING MERILLAT INDUSTRIES WITH 700 THE RESOURCES SO WE CAN INVEST FOLLOW UP WITH SOMETHING THAT SHE REFERRED TO THE LIKELIHOOD JOB GROWTH IS FORECAST TO DECAY 2007, '8, AND '9, AND THAT IS THE JOB GROWTH IS NOT GOING TO

UNM IS THAT STATEWIDE JOB GROWTH AND THAT NATIONAL JOB GROWTH WILL BE ABOUT 1.7%, AND NEW MEXICO'S FORECAST WILL BE HALF A PERCENT AHEAD OF THE COUNTRY AND WHEN IT COMES TO PERSONAL INCOME DIRECTION, THAT'S EXACTLY WHERE DON'T WANT TO SET THAT BACK. >> SEN. LOPEZ: AND I -- IF I ASPECT, AND I'M -- WE TALK ABOUT CAN BE MADE, ALSO, ON THE MONIES BEING TALKED ABOUT THAT THIS GOING TO BE IN THE BUDGET, THAT FROM OIL AND GAS THIS YEAR. JOBS, PER SE.

MEXICO -- THANKS TO THEM -- I CAREFUL, TOO, AS WE LOOK AT THE FUNDING, THAT -- THAT'S, AGAIN, IS TO LOOK TO MAINTAIN THE COME INTO THE STATE. SAY THIS: YOU MENTIONED FUNDING VOICES FOR CHILDREN. ON THIS ONE, BUT THE AGENDA FOR PERCEIVED THREAT TO MEDICAID MEXICO FORWARD AND KEEP IT ON THE PATH OF ECONOMIC VITALITY TERRITORY IN THE UNITED STATES, WITH THIS --

WE'RE VERY PROUD TO BE WE'RE VERY PROUD TO BE LOSE THAT $360 MILLION THAT WE THINK THAT THE TAX CUTS ARE A FAILED EXPERIMENT, AND WE WE'VE HEARD FROM SOME OTHER ADMINISTRATION ECONOMISTS HAVE A DIFFERENT IDEA OF HOW THE TAX CUTS ARE GOING TO AFFECT JOB HAS BEEN POOR FOR SO LONG. >> MR. BRADLEY: WELL, WE WERE I DON'T THINK THAT WE FOLLOWED THE STRATEGY THAT NEW MEXICO VOICES ADVOCATES, WHICH IS TO IMPROVE OUR EDUCATION AND HEALTH

TO SAY ONE REASON WHY WE'VE HAD TOP MARGINAL PERSONAL INCOME TAX I MEAN, THIS ISN'T GOING TO THE CLASS OVERNIGHT BECAUSE YOU PASS A TAX CUT. O'DONNELL, IS AT THE TAXATION & STUDY, BUT I'LL ALSO SAY THAT UNTIL WE'RE AT A PLACE WE CAN THAT'S WHEN SHE WAS STILL WITH THAT'S ALSO ANOTHER ONE OF MY AGAIN, I APPRECIATE IT, BUT WE THAT THIS LEGISLATURE HAS BEEN EXPENSE WITH NONRECURRING

DURING THE INTERIM, WE'VE LOOKED LOOK IN THE OUT YEARS WITH SOME ISSUE OF HEALTHCARE AND IF YOU LOOK AT THE COMPANIES HAPPENS, ANY TYPE OF A DROP IN MEDICAID, GUESS WHAT REALLY IS COMMUNITIES. THROW THIS TO YOU. LIKE? INCENTIVES IN FOR HIGH-WAGE SHAKEN THINGS UP FROM DAY ONE, HE'S CHALLENGED THE STATUS QUO, FUNDING, DEMANDING MORE MONEY

RECRUITING BUSINESS TO THIS DOLLARS IN LOCAL INVESTMENT IN THE UNM FORECASTERS TO SAY THAT OUR ECONOMY IS GOING TO LOOK WE LOST 6,000 JOBS, THEY'RE ON THE REBOUND AND THIS IS THE -- WE ARE ON THE RIGHT COURSE, WE ARE DOING THE TIME RIGHT NOW TO STAY THE GERRY BRADLEY, YES OR NO, DOES >> MR. BRADLEY: I HOPE THAT JOINING US. TRIBUNE, A LOOK AT THE LIVES OF

YEAR. MARTY LUCERO PRACTICES JUMPING SKI VALLEY. WELCOMING THE YEAR OF THE DRAGON AND LION DANCES. KATHLEEN CONNELL AND STERLING IS YOUR VALENTINE'S DAY GIFT HIS NOB HILL STUDIO. ABDULA'S WIFE, SUSAN SPRING, OTHER TO SEE THEIR GIFTS UNTIL >> KATE: IT'S NOT SECRET,

MANY OF OUR STATE'S SMALL TOWNS DOCTORS TO STAY IN RURAL AND IDEA, AND THEY'RE HOPING TO MAKE SENATOR DEDE FELDMAN; IN EXECUTIVE VICE PRESIDENT FOR LOBBYIST FOR UNM HEALTH SCIENCES CENTER. THE B.A./M.D. PROGRAM, WHAT IS IT? THE HEALTH SCIENCES CENTER AND IMPORTANT IT IS THAT THIS IS A COMMUNITIES BECAUSE THE IDEA IS WOMEN A YEAR IN HIGH SCHOOL -- GRADUATING FROM HIGH SCHOOL,

ONE REASON OR ANOTHER, THESE ARE YOUNG PEOPLE WHO DON'T KNOW THAT COMMUNITIES SOMEDAY. 25 STUDENTS THAT THE COMMUNITY KNOWS ARE CAPABLE, AND WE'D LIKE SIMULTANEOUSLY ADMIT THEM TO MEDICAL SCHOOL, FOR FOUR YEARS RELATIONSHIP WITH THEIR HOMETOWN MEDICAL SCHOOL. SUPPORTING A BILL THAT WOULD THIS IS ONE OF THE BEST FORCE DEVELOPMENT IN HEALTHCARE. DENTISTS.

HEALTH AND HUMAN SERVICES IT'S NOT JUST SOMETHING YOU CAN FIX AT THE GRADUATION LEVEL, BUT START OF THE PIPELINE. AND THIS PROPOSAL REALLY BRINGS MENTORING, AND IT ALSO SAYS TO THE PEOPLE IN THE RURAL THE ONES THAT ARE MOST LIKELY TO WITH THE KIND OF VALUES AND THE WITH A BIG PRICE TAG, ABOUT IS, IN FACT, ONLY THE FIRST-YEAR UP THE INFRASTRUCTURE FOR THE

PROGRAM, BUT THAT, IN FACT, ONLY UNDERGRADUATE FRESHMAN CLASS. THE PRICE TAG IS MORE FILL UP FOUR UNDERGRADUATE YEARS AND FOUR MEDICAL SCHOOL YEARS. >> KATE: WHAT'S THE ULTIMATE OF EIGHT GRADES -- FOUR MEDICAL >> KATE: THAT'S A SIGNIFICANT CHUNK. FURTHER INCENTIVE TO KEEP THEM IS GOING TO PAY OFF? A RURAL SITE, WHERE THEY KNOW THE COMMUNITY, WHERE THEY GROW UP AND MARRY A SPOUSE FROM

THAT AREA, THEY WOULD LIKE TO STAY, AND IF THEY CAN BE TRAINED IN A WAY THAT THEY'RE LIKE TO ACTUALLY PRACTICE IN EVERYBODY, THAT HAS BEEN THE ACROSS THE COUNTRY. ANYONE THAT DOESN'T STAY IN THE STATE. KATE, WE HAVE TRIED LOAN FORGIVENESS AND WE HAVE TRIED IT'S NOT ENOUGH. AND IT'S NOT ENOUGH BECAUSE THERE ARE CULTURAL FACTORS THAT WHAT DOES THE -- WHAT DOES THE LUCK IN GROWING OUR OWN, RATHER

A NORDSTRUMS IN HATCH. >> KATE: WHAT SORT OF CHOOSING THESE 25/25 KIDS, TO >> DR. EATON: THE INTENTION ETHNIC MINORITIES THAT WE HAVE RETURNING, AS WELL AS COMING BACK IN THEIR HOMETOWN, WORKING MAYOR, THE LOCAL PRINCIPAL OF THE PARTNERSHIP. THEY'RE FACING. GIVE THIS GETTING THROUGH IN ITS

I THINK IT IS A VERY POPULAR YOU HEARD SENATOR FELDMAN ON THE SENATE SIDE WITH SOME ENTHUSIASM. WE HAVE EXCELLENT SUPPORTERS IN APPROPRIATIONS COMMITTEE, IS THE CHIEF SPONSOR OF THE BILL, AND HE IS JOINED BY ANOTHER SO THERE'S EXCELLENT SUPPORT AMONGST LEADERSHIP FOR IT. IF IT CAN BE SQUEEZED INTO THE MAYBE NEXT YEAR. BUT WE WOULD LIKE VERY MUCH TO SEE IT COMMENCE THIS YEAR. THANKS FOR JOINING US TODAY.

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