Answer:
Tax cuts reduce government revenues and create either a budget deficit or increased sovereign debt. The federal tax system relies on several taxes to generate revenue, including income tax and payroll tax.
The U.S. income tax is progressive, so the more income you earn, the higher the rate you will pay in taxes as you move from one income tax bracket to a higher one. But only the additional income that falls in the higher tax bracket is subject to the higher tax.
Step-by-step explanation:
