Regan cut taxes and the economic boom was so strong that it took Clinton 8 years to kill it, in spite of his tax hikes.
Revenue to the treasury increased as a result of both tax cuts.
Initially there is a jump in the debt but once they kick in the revenue jumps quickly. If you control your spending you will be fine. The problem is congress can’t control it’s spending. Normally I would say the Democrat congress but the Republican congress is just as bad.