I used to support that thinking, but after 20 years of having an ironclad rule against raising taxes for any reason, I no longer support raising taxes.
Depends how you define it. I don't support raising taxes so that OVERALL people are paying more taxes. In most cases, we should be able to lower taxes on the people who are "overpaying" to flatten things out without raising taxes. But if someone has been given an unfair break then it might have to be taken away.
If Obama said all blacks will pay no taxes from now on as reparations, it would be technically raising taxes on somebody to take that break away later. But it has to be done to be fair to everyone else.
GE is apparently currently paying no taxes due to being a good crony capitalist and getting favored tax policy written into law. That's not fair to small businesses who don't have the same access they do. As long as these deductions and exemptions exist, people will be able to bribe politicians to get ones that favor them.