The phrase "higher taxes" refers to an increase in the amount of money that individuals or businesses are required to pay to their government as a result of certain policies, laws, or decisions. Taxes are compulsory contributions made by citizens to fund various public services and programs such as healthcare, education, infrastructure development, law enforcement, etc., which benefit the society at large. When tax rates go up, it means that people will have to pay more money in order for their government to continue providing these essential services. Higher taxes can be imposed due to various reasons like an economic downturn or a budget deficit, and they may result in increased financial burden on the citizens.