I've been forecasting eventual higher personal tax rates for most Americans for years now as various posters peddle a lot of theories why the US federal debt/deficit doesn't matter. My reasons are rather simple; in Canada earlier in my life we had national debt to GDP figures very similar to current day US figures. Our solution was higher personal taxes. Unless we get a surprising huge shift in the US situation, and Trump's deficits say otherwise, it's likely you go down the same road. Fast forward to today and Canada's effective personal tax rates have gradually declined the last 20 years after we had government surpluses for a few years. Our federal debt to GDP is significantly lower then the US and our most recent federal deficit was $12B ( quite a tame number ). Long term the higher taxes worked out. If there was a better solution they didn't find it.