Ah, you remember what happened to us after the Reagan tax cuts, too! Revenue to the fed government went up, Congress spent it all and more, lied saying the tax cuts caused the shortfall, so, of course, they had to raise the rates to save the budget. But... the deductions that we lost were never restored. Funny how the taxpayers always get hosed.
“Funny how the taxpayers always get hosed.”
More specifically, employees and all with ordinary income get hosed, unless they make so little that the feds take our income and pay them for being poor.