Just to clarify, Reagan's tax cuts were actually a revenue windfall for the Treasury, as it unlocked a ton of capital gains that investors had been sitting on and resulted in an economic expansion that, aside from a brief recession in 90-91, pushed through the end of Clinton's administration[1].

[1] Not that Bush Sr. and Clinton deserve no credit, of course, Some folks have unfairly vilified Bush Sr., but the fact is, economists agree that the US was emerging from recession before the end of his administration