I think we are taxed too much. And any reduction in any taxes is a good thing.
I also think we have a bloated federal govt.
The main reasons for govt to tax is to get revenues for govt, and
to reduce economic growth (in some particular sector or in general).
If you think we have too much economic growth, then you should favor
increasing taxes. If you think we don't have enough economic growth, then
you should favor reducing govt controls on the economy (taxes and regulations).
Economists would probably argue about how much economy growth the nation should
have. I think we should try to have over 5% per year. Economists used to think that
6% unemployment was too low, and that low unemployment causes labor shortages and
causes inflation. Currently, the economists think that rather than 6%, 5% or lower might not
neccessarily cause inflation. They argue that technology enables a tighter labor market without
causing labor shortages which then leads to inflation.