Know this:  The left doesn’t want to raise taxes on the rich in order to balance the budget or because it would raise buckets of new revenue for the government.  This from The Weekly Standard:

“What liberals are interested in isn’t growth so much as egalitarianism and redistribution for its own sake.  For many on the left, increasing taxes isn’t about economics as much as morality.  They believe taxing the wealthy is a virtue, to the point that they would penalize “the rich” even if that has harmful economic consequences.  Recall that during a campaign debate, when asked by Charles Gibson about his support for raiding capital gains taxes even if that caused a net revenue loss to the Treasury, Obama sided with tax increases “for purposes of fairness.”

You really need to understand where the progs are coming from here.