Views filter out nodes based on taxonomy field
I found a programmatic solution after visiting the Views API page.

Using the following code:

function mymodule_views_query_alter(&amp;$view, &amp;$query){
$types = db_select('field_config_instance', 'fci')
        -&gt;fields('fci', array('bundle'))
        -&gt;condition('field_name', 'field_taxonomy_example', 'like')
        -&gt;execute()
        -&gt;fetchCol();

$query-&gt;add_where(0, $query-&gt;fields['node_type']['field'], $types);


}

I was able to insert a dynamic list of node types to test my Views again.

Works like a charm.