As a member of Congress, I will utilize New Mexico’s existing Federal Labs, uniquely situated renewable resources and agricultural foundations to spark public and private sector economic growth. We can do this in three primary ways: Utilize technology transfer and IP (intellectual property) commercialization to boost public-private partnerships, create industries in both producing renewable energy and manufacturing necessary parts and systems, and invest in value-added agricultural goods within the state.
As the only candidate with expertise in economic and business development in this race, I am confident that my background and experiences make me uniquely qualified to spearhead the task of growing and diversifying New Mexico’s economy. Politics as usual is what got us in this mess and more of it will not get us out of it. We must elect leaders with background and expertise in creating vibrant private sectors combined with stable government sectors that work together to build an economy of meaningful careers, opportunities for upward mobility, and positive social, environmental, and economic impacts for all. I am confident that if we remain committed to our shared ideals of sustainable growth and long-term investment in the future, we will build a world-class economy right here in New Mexico.
- Make New Mexico the Epicenter of Startups. We hold compelling competitive advantages to launch, scale, and sustain startups in the areas of defense, technology, battery chemistry, cybersecurity, small satellites and even cryptocurrency. Rather than relishing in this idea that we’re going to bring in a multinational Fortune 100 company that’s going to fix all of our problems, we need to recognize that due to federal spending and investment dollars in science and innovation our best (and likely only) option is to grow from within. We have the real potential to take startups of two to three employees and within 18 months we can 10x their employee base and revenue streams. More importantly, by utilizing technology transfer and IP commercialization there’s a huge opportunity to not only strengthen public-private partnerships to inject capital into our local economy but to also end the mass exodus of young brainpower from this state.
- Create Upward Mobility and a Stronger Middle Class. Small business owners and entrepreneurs find themselves in a particularly tight spot. They don’t earn enough to qualify for certain tax credits, and they make too much to receive other tax credits. The tax code is structured to keep small businesses from growing.
- Increase Value-Added Agricultural Exports. New Mexico has a massive opportunity to increase exports in value-added agricultural products as well as capitalize on global commercial export opportunities. We have long growing seasons, few natural disasters, fertile soil, and hardworking farmers that could all work together to flip our state’s agricultural industry from being a price-taker to a price-maker. As it is today, any products sold in the commodity market are simply price takers and with input costs on the rise, this puts many of our states farmers at risk. However, we could create value-added agricultural products in the areas of differentiation, processing, and segregation to keep the profit margins here in the state rather than simply exporting commodities, letting others add in the value, and then buying them back. In addition, New Mexican farmers can collaborate to capture long-term contracts to wholesale vendors in emerging markets throughout the world. To assist New Mexican farmers in this effort, I will sponsor legislation to expand grants and loans specifically targeted to value-added products through the USDA and expand the role of the Small Business Administration to provide farmers with the resources, capital, and partnerships they need to turn great plans into reality.
- Implement a Luxury Tax on Extravagant Purchases. Wealthy Americans flaunt their wealth with lavish investments totaling more than $350 billion per year. The tax includes private jets, high-performance sports cars, and yachts. People are going hungry while the richest in society sail in the south of France for a holiday. A luxury tax will provide additional revenues to assist low-income individuals and expand beneficial programs like SNAP and Medicare.