This is Reagan’s tax plan with one additional bracket, a zero percent bracket.
Get rid of the marriage penalty, the death tax, and lower corporate taxes. That, too, is what we want to hear.
Despite the glowing reports of increased income due to lowering taxes, in the past it was used to spend more and not to cut the deficit. Reagan had to deal with a democrat Congress, and GW Bush did, too, for the most part in the Senate for the most part. Bush didn’t really resist spending, and Reagan wasn’t in a position to stop a lot of it.
I do like any plan not to replace retired or departing workers in the Federal government. This natural attrition approach would apply to those who retire, find employment elsewhere, or are fired for obvious, irrefutable cause. There are no aggrieved parties and all employees are treated fairly.
But Reagan's plan was a huge massive sea change of conservatism compared to what was in place at the time. The same cannot be said of this one. You can't look at things in a vacuum.
That 0% bracket will mean a huge reduction in work for the IRS and taxpayers. You can bet Trump is planning to slash the IRS as well as every other Fed agency.