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90 Fiscal Adjusted Gross Income billion in 1991 billions of dollars block grants cents Change Issue Alert changes in H.R. CHANGING DEFICIT LIMITATION Committee on Taxation Congressional Budget Office contained in H.R. deficit targets discretionary spending Earned Income Tax Education--Voc entitlement programs estimated $496.2 billion Federal budget deficit Federal excise taxes Federal funds FEDERAL OUTLAYS Federal revenues Federal spending FEDERAL TAX CHANGES Federal Tax Reform Fiscal Planning Services Fiscal Year Figure fuel tax gasoline government spending Gramm-Rudman-Hollings GROSS NATIONAL PRODUCT high income Income Tax Credit income tax rate increase in Federal itemized deductions liquor Medicare income cap Michigan taxes past 30 percent of GNP percent of total personal income tax reduce State revenue Revenue Increase REVENUES TO MICHIGAN rise sales tax Senate Fiscal Agency Source spending caps spending restraint Student Financial Asst tax breaks tax law changes tax on cigarettes technical assumptions total Federal Total State Revenue U.S. Office