We made this deal in the Reagan era....we traded off most of the existing deductions for a MAX tax rate of 28%.
As soon as the Demos had the chance, they raised the rates to the current 39%.
The only way I'd go for this is for a supermajority to be required to raise rates again...otherwise we'll give away the few deductions left, and get screwed again at the first moment they control the congress.
Sad but true.
That was the first thing Clinton did if I recall. Even though he and hillary were in the top 1% of wage earners they never paid the 39% rate.