<p>Revenue Increases Will Not Cover Spending Growth, Report Says</p>

Revenue Increases Will Not Cover Spending Growth, Report Says

Urban Institute

The fiscal outlook indicates spending growth will go toward health, retirement, and debt interest, while tax cuts will increase deficits and higher revenue will fail to cover more than two-thirds of spending and less if tax cuts are made permanent, C. Eugene Steuerle and Caleb Quakenbush of the Urban Institute said in a June report.

<p>The fiscal outlook indicates spending growth will go toward health, retirement, and debt interest, while tax cuts will increase deficits and higher revenue will fail to cover more than two-thirds of spending and less if tax cuts are made permanent, C. Eugene Steuerle and Caleb Quakenbush of the Urban Institute said in a June report.</p>