It’s $4 trillion in new debt in order to collect a measly $600 billion in new taxes. It’s simply going to help the entire system, including everything you’ve built for yourself and family, collapse all that much sooner.
On January 1, 2013 the critical issue was expiring Bush tax cuts.
The spending issue will be dealt with during the debt limit coming up soon. Spending and debt are more directly relevant. If GOP caves there, then we are indeed sunk. Election wins have consequences. Obama won, democraps gained in Senate and House. We have to live with the consequences.