House GOP fights for New Mexicans against Democrats cash grab health insurance tax increase
Santa Fe, NM- Today House Democrats passed HB 278, the Health Insurance Tax & New Fund bill. The measure will create a 300% tax increase on New Mexico health insurance premiums. Representative Deborah Armstrong (D-Albuquerque) is sponsoring the legislation following the Federal government reducing insurance premium costs. Rep. Armstrong contended that New Mexico should divert the federal tax cut from the pockets of New Mexicans and use it to bolster the already overspent state budget and create an ambiguous and secretive health fund.
“While you were spending Sunday with your families, House Democrats stole your Federal tax break. The Federal Government gave all insurance premium payers a break on their health insurance premiums.” said House Republican Whip Rod Montoya (R-Farmington), “Rep. Deborah Armstrong and Governor Michelle Lujan Grisham have decided to intercept your refund to pay for their bloated budget and to start an undefined health fund. The Democrats had to pass the bill for New Mexicans to find out what was in it. Sound familiar?”
The Democrat led Health Insurance Tax passed the House in a partisan vote of 41-25.
“The federal government gave New Mexicans a health insurance tax cut, and New Mexico Democrats just took that money from your wallet.” said Representative Kelly Fajardo (R-Los Lunas).