As the 2017 regular legislative session ends, New Mexico finds itself in familiar territory—with no money in a slow-moving economy. The same tired rhetoric of no tax increases—a pledge made by Governor Susana Martinez since she has taken office—has led to deep cuts in essential services like education, public safety, and health care. Because we often hear the administration touting the 37 tax cuts made since Governor Richardson left office in 2011, obviously the executive believes we can cut our way to prosperity. But in reality, these cuts helped put our state in the red. Raphael Pacheco, MBA, is a Research and Policy Analyst and the State Priorities Partnership Fellow for NM Voices for Children.