Rep. Vasquez Fights for “Targeted Tax Relief” for New Mexico Families

House Republicans like to talk a big game about their Tax Scam 2.0 but, no matter how they try to spin it, the facts are this. Their wallet-busting plan will:

• Force the largest cut to Medicaid in history to pay for massive tax breaks for billionaires and wealthy corporations.

  • Reminder: 163,000 people in NM-02 who rely on Medicaid for affordable health care are at risk of losing their health care.

• Clear the path for sweeping, unchecked tariffs that are wrecking the economy and will jack up costs by thousands of dollars per year for working families.

In reality, it’s Democrats like Rep. Gabe Vasquez who are truly fighting for tax relief for working and middle class families. That’s why Rep. Vasquez has introduced multiple bills aimed at providing tax relief to hardworking New Mexicans, not the wealthiest few. Read more from the Albuquerque Journal below.

Albuquerque Journal: “…Democratic congressman wants targeted tax relief”
By Cathy Cook | April 10, 2025

• The [GOP plan] would give more tax relief to the wealthy, both in dollar amount and as a percentage of income, according to an Annenberg Public Policy Center fact check.

• Rep. Gabe Vasquez, D-N.M., is introducing a trio of tax bills focused on hiring veterans and lowering the tax burden for middle- and low-income earners. “My bills are a stark difference from what this administration is offering,” Vasquez said. “These bills are meant to provide economic relief to the working class, not the top 1% in this country. And so if we’re serious about lifting up the middle class and keeping our economy strong, our focus needs to remain on those folks who are working hard every day, and that is the middle class in my district and across the country.”

• The Boost the Middle Class Act would expand the Earned Income Tax Credit by 10% and require annual adjustments to keep up with inflation, while the Tax Relief from Tariffs and High Costs Act would provide a 10% fully refundable tax credit for people making under $100,000 or married couples making under $200,000. The Honor and Hire Veterans Act would increase the tax credit for businesses that hire veterans, raising the cap and wage credit percentages in the existing Work Opportunity Tax Credit.

• The key goal with that bill “is to make sure our veterans are gainfully employed, that they have an opportunity, especially in rural communities, to be able to have gainful employment,” Vasquez said.

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