The problem wasn't the tax cuts, but that they also increased spending. If you're going to cut taxes, you also need to cut spending.

I think we should increase taxes and cut spending because we're way over budget. Cut the military budget a bit, increase IRS funding to actually enforce our tax laws (they generally more than pay for themselves), end "use it or lose it" accounting so agencies don't feel the need to blow their budgets (maybe allow 50% of unused budget to roll over or something), cut subsides to things that don't need subsidies, etc. In terms of raised taxes, tax stock compensation as income, perhaps with an exclusion for the first $50k or so. There are plenty of other loopholes where revenue can be increased by reducing exclusions.