Even the Patron Saint of Liberal Government/Deficit Spending, John Maynard Keynes teaches you do not increase taxes (remove money from the economy) during down economic times. You wait until the boom times in his economic theory.
That's right, you do not increase corporate tax rates: Personal income tax rates is an entirely different subject, by raising those you prevent the money from going to Switzerland, Cayman Island etc.
No person needs millions of dollars to spend on him/herself a year and those that think so would just have to learn to live with less. If they don't know how there are millions of hard working Americans working two jobs who would be happy to show them how!
Like Obama off the prompter Gnosis shows us what his ideology really is. Is it not your job, my job and definitely not governments job to determine how much a person needs and then cap it with taxes.
Keynes didn't specify personal or corporate taxes.