Didn't the 1981 tax cuts have to be partially reversed later on because they were too excessive? Why all the support for the 1981? The deficit blew up over the 1980s, which lead to the panic over the debt in the early 90s. Was 1981 tax cuts really fiscally responsible or were they just a giveaway to wealthy special interests and the upper class?
yes, they wound up imposing a bunch of tax hikes in 1982 and 1984. and not just cutting back breaks or loop holes, also hikes in gas tax and certain goods.