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New Century Economy Jobs Agenda. Jon Barela Cabinet Secretary Economic Development Department. Federal Entitlement Spending from 1960 to 2012, in Trillions. Federal Budget Impact on NM Jobs. C.CUNNINGHAM/ABQ JOURNAL, SOURCE: N.M. Department of Workforce Solutions.
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New Century Economy Jobs Agenda Jon Barela Cabinet Secretary Economic Development Department
Federal Entitlement Spending from 1960 to 2012, in Trillions
Federal Budget Impact on NM Jobs • C.CUNNINGHAM/ABQ JOURNAL, SOURCE: N.M. Department of Workforce Solutions
Regional Corporate Income Tax Comparison • Source: Tax Foundation • Nevada, Texas and Wyoming have no Corporate Income Tax
Credits, Deductions, Exemptions by Category, in Millions (FY12) • Source: Legislative Finance Committee • *Other: food GRT deduction, tribal cigarette exemption
The New Century Jobs Agenda • Single Sales Factor • Corporate Income Tax Reduction • Local Economic Development Act (LEDA) - $10 million • Job Training Incentive Program (JTIP) - $4.75 million • Capital Outlay Reform • Spaceport Informed Consent • MainStreet Investment • Additional Legislation Possible