Buy a fulfilled promise to NOT increase spending and thereby the deficit, the markets and consumers would react favorably and spending would increase, tax revenues would increase and gov borrowing would decrease, all leading to a deficit reduction.
As profits increased employees salaries would increase (not gov’t employees, however)and this would increase the taxes paid by both the consumer and the company. This is not an increase in the rates just an increase of what is paid under that rate. Also since anyone with even the most basic knowledge of economics knows, businesses pay ZERO taxes since the cost of the tax is built into the price they charge for their product. Therefore Corporate and other business related taxes should be heavily cut which would cause prices to drop as the companies vie with each other to gain market share through lower prices.