2022 Legislative Session
Daily Prayer Call &
UPDATE Tuesday, February
Purpose: Daily Prayer for New Mexico State Legislature 2022
Time: 9:00 a.m. each day the Legislature is in Session
Access: Conference Call Number: (425) 436-6360
Access Code: 562862
UPDATE Tuesday, February 8, 2022
1. High-interest rates are called “usury” in the Bible and are prohibited by Rubrical law. According to a recent legislative statistic, New Mexico has 390,000 people paying usury interest rate of 175%. The Pay Day Loan industry is alive and well in New Mexico and lobbyists for the industry have been successful at keeping the legislature from dropping that rate. HB132 would cap the rate at 36%. Yesterday Governor Lujan Grisham cubically backed the bill. An amendment to the bill allows Pay Day loan companies to add an “application fee” to loans over $500. With 10 days remaining in the 2022 Regular Session, it will be interesting to see if the lobbyist maintain their hold or if the interest rates will be dropped through this legislation.
2. The 2022 session has proven to be one of political manipulations. The Hydrogen Hub Bill was revived by calling it something different. Now, in a surprising move and without explanation, House Speaker Brian Egolf table the Hydrogen Hub bill. With this move, it is not expected to pass this session. One of the groups in opposition has been a Native American group from Gallup. Their rally at the Capitol drew about 24 people. An earlier environmental group rally drew about 200 people.
3. The effort to eliminate the Income Tax on Social Security has made slow progress. Giving up the tax would cost the state $118 million. Legislators are always hesitant to sacrifice revenue even as they have advantages for the elderly and disabled New Mexicans, not to mention attracting seniors to retire in New Mexico.
4. Lastly, the Pre-Trial Detention Bill, SB 189, has been tabled.
New Mexico Watchmanwww.nmwatchman.com
Today’s reading were from the Book and Amos and Hebrews. Please continue in prayer for our New Mexico State Legislature.