Republicans spar with Democrat over federal tax lien, loan
SANTA FE, N.M. (AP) — New Mexico state House speaker Brian Egolf of Santa Fe says he has paid roughly $10,500 to the IRS, denying allegations of outstanding debts by a Republican Party official and a rival candidate in the general election.
In a news release Thursday, Republican Party Chairman Steve Pearce and allied House candidate Raye Byford of Santa Fe accused Egolf of hypocrisy in neglecting to pay taxes while his law practice benefited this year from a pandemic hardship loan. Such loans can be forgiven if federal guidelines for spending are met.
Egolf said in response that he had made an error in drafting a check to the IRS and did not learn of the error until a lien was filed.
“I immediately paid the taxes once I learned of the balance,” Egolf said.
Egolf accused Pearce of trying to distract from “deceit, dishonesty, and dereliction of duty” by President Donald Trump and the president’s handling of the economy amid the coronavirus pandemic.