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.

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