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Tax-rev-benefits-of-aca-8-11.pdf
Preview of https://www.nmvoices .org/wp-content/uplo ads/2011/08/Tax-rev- benefits-of-aca-8-11 .pdf
🔗 Source: nmvoices.org
📊 Size: 480 KB
📄 Pages: 8 pages
⬇️ Downloads: 66

Summary

The Patient Protection and Affordable Care Act (ACA) will have a positive impact on New Mexico's economy, with billions of dollars in federal funding flowing into the state through Medicaid expansion and tax credits. The Medicaid expansion will require new state spending, estimated at $496-797 million from 2014-2020, but this will be offset by new state tax revenues, estimated at $888-1.2 billion. Local governments will also receive $232-322 million in new tax revenues. The ACA will generate tax revenue for both state and local governments, with the difference of $392-425 million over seven years going into the state General Fund.

Description

The Patient Protection and Affordable Care Act (ACA) will have a positive impact on New Mexico's economy, with billions of dollars in federal funding flowing...

Technical Information

  • File Format: PDF
  • File Size: 480 KB
  • Pages: 8
  • Language: EN
  • Total Downloads: 66
  • Last Updated: 1 month ago

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