Be careful which taxes you cut. If you cut the income tax that will simply reduce government revenue while government debt continues to increase. If you really want a decent recovery, not that I'm an expert, cut corporate taxes and maybe cut fuel taxes.
In fact, I'd replace the gasoline taxes with one crude oil tax. Clean up the income tax and reduce loopholes and lower it only slightly, not too much or we may never reduce that 14 trillion debt.
Carefully, consider introducing a Property Tax. Particluarly, the land value tax (tax land value instead of improvement value) or consider a split rate, taxing land value at a higher rate and improvement value at a lower rate. All in my humble opinion.