When Wall Street Journal columnist John Fund was in Albuquerque last week, he didn't think Gov. Bill Richardson's tax change record was a big deal. That record is one of raising taxes more than cutting them until the 2007 legislature. That a Democrat cut taxes at all is the more important matter. Fund also said the tax cuts worked for the New Mexico economy, an assertion worth examination from someone with appropriate expertise.
Fund spoke in Albuquerque and Santa Fe at fund raising events for the Rio Grande Foundation, New Mexico's conservative think tank. Capitol Report co-sponsored the Albuquerque event.
Fund may also have had advance information about Newt Gingrich's decision to not run for president. On Thursday, Fund said definitively that Gingrich would not run. Gingrich made the official announcement on Saturday. Our understanding is that Fund and Gingrich have stayed in touch for many years.
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