Every additional penny of taxes that gets flushed down the government toilet is an additional penny for the rats to spend to buy the votes of their party base of moochers, bums, deadbeats, and parasites. Money is fungible. Anybody who argues that new revenues will be used to (reduce the deficit / pay down the debt / fund the military / whatever...) is a lying sack of horse manure.
I think many of us have underestimated how much the American people, the ones Rush Limbaugh calls the “low-information voters”, have bought into the old FDR “economic royalists” argument. People truly believe that they can take what they need from “the rich” to compensation for their own lack of resources. Joe Stalin understood that aspect of human nature.