revenue=歳入 spending=expenditure=歳出 surplus(黒字) deficit(赤字) Across the country, new money but old arguments, Should governments use tax cuts to stimulate the economy or focus on improving basic services often to the most needing.
improving roads=道路建設 cutting class sizes=少人数学級 giving tax breaks to business=ビジネスの減税
マサチューセッツでは知事(共和党)の減税案に 議会(多数派は民主党)が反対している。 The governor's proposal to cut taxes, I think is probably based more on his political aspiration as opposed to fiscal reality.