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Hmmm....tricky question, Alex.
I suppose it would be a tax increase because the actual tax rates would go up, and while I oppose it, I wouldn't suggest that it is the fault of anyone except the House and Senate from when it passed and also Bush for signing it.
Such is compromise, i suppose. I don't think they should have been temporary with an expiration, but that was the only way to get it passed.
So tax increase yes. Hanging that tax increase politically on the current congress or President, no. That of course changes if the House and Senate vote to continue them and the Predient vetoes.
Not a great answer, I admit. But the best I got.
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