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child care policy frees labor capacity for work that is more likely to earn a slice of the national income. It’s almost certainly going to result in greater eco
by anothermathbozo 1y ago
child care policy frees labor capacity for work that is more likely to earn a slice of the national income. It’s almost certainly going to result in greater economic activity for the state. In the immediate it is funded from two existing funds.
- CGMthrowaway 1y agoState + local tax burden in NM is 10.2%[1]. Revenue neutral would mean those taking the child care would instead take a job with average salary $120,000. But as another comment points out this policy attracts new jobs to the state, which complicates the math [1]https://taxfoundation.org/location/new-mexico/ https://taxfoundation.org/location/new-mexico/
- anothermathbozo 1y agoIncome tax is not the only revenue that the state and local governments capture when production increases.