Senate Finance Committee Republicans Issue Statement Regarding Paid Family Medical Leave Tax on Workers and Small Businesses
SANTA FE – Senate Bill 11, the Paid Family Medical Leave Act, today advanced through the Senate Finance Committee. The bill mandates that all employers offer 12 weeks of paid family medical leave to employees. The leave compensation would be paid for by employer contributions and employee payroll deductions made to the Paid Family and Medical Leave Fund.
Senator William Sharer (R-Farmington), Senator William Burt (R-Alamogordo), Senator Crystal Diamond (R-Elephant Butte), and Senator Pat Woods (R-Broadview) issued the following statement regarding the bill’s passage:
“We wholeheartedly support family-friendly workplaces, but we are concerned that this bill will shutter many of our family-owned small businesses. Federal law already provides 12 weeks of family medical leave and employees can utilize accrued paid leave as needed.”
“Despite the political spin, this is a tax. The costs of this mandate are monumental, and they will be disproportionately born by the low-wage workers and small businesses who have to pay the tax. As a state, we are still suffering from the economic impacts of the pandemic and these types of policies jeopardize our local recovery. When this bill comes to the Senate floor, we hope our colleagues on both sides of the aisle will join us in opposing this untimely and regressive tax on New Mexico workers and small businesses.”
The bill will now head to the Senate Floor.