No. The wiring is more complicated than that. I'm not going to lay it out. It's one of those things that if you can't figure it out on your own, you probably shouldn't make it as you can hurt yourself, equipment or the house.So, connect both hot and both neutral to the same outlet, and that would draw power from both legs to spread the load?
In a past power limited situation, I ran the compressor close to power and a hose far to tools. Compressor in basement with a 1/2" line to garage will be cheaper wiring. Add a surge tank to garage with a regulator so connecting hose pipe matters less.