If we are on the right side of the “peak”of the Laffer curve further tax cuts may increase revenue some, but the extra revenue has no chance of outpacing spending/unfunded liabilities/interest on the debt. Just like the increased revenue from the Trump tax cuts (~$500 billion over 4 years) did not outpace the increased spending during that time period (several trillion $$).
https://www.thebalance.com/current-u-s-federal-government-tax-revenue-3305762
This is NOT a reason to increase taxes. It is reason to CUT taxes.