Washington does NOT have a lack of revenue problem. We have a spending problem. Let's cut the budget 2% this year and 2% again next year (real cut's not imaginary cuts in what we could have spent) and then limit the growth of spending to be less than the growth in revenues. We could easily have the deficit reduced to zero in less than a decade. Just cut the growth.
If you want the deficit eliminated sooner, cut a little more and then adopt a pro-growth tax system.