Report: Spending Cuts Will Hurt Economic Growth, Revenue Increases Won’t

Report: Spending Cuts Will Hurt Economic Growth, Revenue Increases Won’t: As Congress brings the United States closer to the brink of the so-called “fiscal cliff,” the package of automatic spending cuts and tax increases that will take effect at the end of the year, yet another report has found that the spending cuts pose a major threat to economic growth, while small revenue increases won’t. [...]/p