It depends on how the increase is used.
For instance, I don't think either party or any person should be able to decide how to distribute it. Corruption will surely occur. We will never get our money's worth. It will fail...miserably, and make things worse.
I'm all for using it for "things" where there are checks and balances where we're not enriching friends of any particular group of people. Meaning, try like a mf'er to cut out as absolutely much waste as possible. No paybacks for contributors by dispersing the proceeds to the friends/contributors of those in power. No checks to people just because they're poor unless we get something in return.
It has to be infrastructure, goods, and services that serve everybody - from the poorest of the poor to the richest of the rich. Nobody gets a goddam check just by being alive and here. Nobody gets rich. We're not hiring some damn construction company to build highways and bridges where they just use the labor force they already employ. You're hiring off the street, pal. The unemployed. Only.
That is the poor's benefit...a job - and along with it the sense of self-worth in that they get exactly what they need to become productive citizens. It trains them for their future, it gets them off their ass, it gives people a purpose in life, and keeps them "off the streets" to resolve crime and other issues in many ways.
Their ultimate benefit is an honest paycheck for honest work. By design, it would resolve a lot of issues this country has. Less unemployment, which means getting people off the welfare rolls and unemployment rolls. More healthcare via businesses, which means Obamacare is needed less. With cash in their pocket, it means spending goes up by consumers. It gets people in inner cities by design out of the very shitholes they live in cause they have to go where the work is. Related to that, we're cleaning up the shitholes! Our cities are death traps for the poor...fix them up. OK, you're able-bodied and unemployed, you live in a sewer. Fine...you're building highways and bridges 500 miles away. While you're gone, people from the country hired are coming to the cities to tear down the sewer and rebuild it where the area has a new purpose to benefit the entire nation for a hundred years.
This is very much like the mobilization during WWII in getting our money's worth. Reach that wartime equilibrium where we are maximizing our "capacity" in the spending. It has to reach the very people it is by design trying to help the most, but in a fashion where they realize real-life benefits when it's done.
Oh, and one last thing. The spigot stops when the needs of the country lessen. This is by design not a never-ending proposition. Sooner or later, the gravy train ends. The end result is that once it starts tapering off (you can't rebuild every highway in America over and over...sooner or later, the need will subside) the greatest recipients are much better prepared to contribute to society after this is done to where they have a fighting chance "once the war's over".