Carolynn Roberts has said it best so far, IMO.

Does this tax hike apply to commercial properties as well? If so, then rents will go up, local businesses will have to charge more for their goods and services, thus driving more business away, so they’ll have to charge even more, the all-too-common death spiral to going bankrupt/out of business in “wealthy” Los Alamos.

Just say “NO” to wanton fiscal irresponsibility.