You were not terribly concise, so I may have mis-read the part where you suggest temporarily raising taxes. But are you insane!?! The last thing we need at the moment is to raise taxes.
Of the small business owners I talk to, every one of them are already struggling. My neighbor, who has a pallet shop was at 20ish employees a few years back is down to 3, himself, his wife, and one other guy. He is considering closing up shop and just brokering pallets, but having another shop do the work while he does the shipping. Why? Because between taxes and the general anti-business environment at the state and federal level. Every business other than those suckling at the government teat is struggling.
What we need is the federal government to get it's grabby claws out of anything other than national defense and securing private property which would cut spending considerably. The state governments can do whatever they are allowed to at the state level, but one would hope for less government there.
The solution to make the government live on a sustainable budget is to limit it to the Constitutional boundaries. When you get in debt, you don't cut your income, you change your spending habits. Cut the luxuries and excesses that put you in debt in the first place.