I say yes.  This chart and blog post from Reuters is informative on the issue since taxes are now at historic lows, and income and wealth taxes are in decline.

Vermont U.S. Senator gave this passionate speech on the issue:

And now Sanders may filibuster the compromise and the Congressional delegation may put up a fight as well.  Details here.

Other law prof bloggers have taken issue with what’s going on D.C.   See here and here.

UPDATE: Some interesting info from First Read that makes the compromise seem more palatable in the short-term, but still suggests that it’s bad fiscal policy in the long term.