You're saying "taxes will be too high on the masses" but this proposal would reduce taxes on everyone below the 95th percentile (or perhaps 90th?) in income. If almost everyone gets less taxes, how will that make them too high for the masses? You can disagree on whether it'd be practical, or whether the knock-on effects would be good, or whether the philosophy behind the decision is something you agree with, or any number of other things, but... I don't see how you can see a proposal that explicitly lowers taxes in almost every bracket, and say most people are going to complain about their taxes going up.