No, they didn't give in to the revenue increases. Also, too, even if you pretend that they did, the ratio of revenue increases to spending cuts is way disproportionate and the Republicans' insistance on only spending cuts moving forward would make them even more disproportionate.
What spending cuts ?....the ones are to take effect 5 years from now, under another admin. while the taxes take effect immediately ?
In other words, spending cuts that will never happen.