Biden wants to increase taxes on high-earning people and on corporations. His tax proposals would increase federal revenues by $4 trillion in 10 years
The Tax Policy Center’s analysis of Biden’s tax policy shows that the top 1 percent would pay three-quarters of the tax hike. When Eric Trump said that Biden wants to raise taxes by $4 trillion during the second night of the Republican National Convention, he implied that this tax burden would fall across a range of incomes, whereas the detail of the plan reveals that it's primarily a tax on the 1%. Moreover, Joe Biden has clearly stated that tax will not be raised for people earning $400,000 or less.
Furthermore, according to the Politico/Morning Consult survey of 2019, 76% of registered voters want the wealthiest Americans to pay more and support raising taxes. A Fox News survey from 2019 showed that 70 percent of Americans favor raising taxes on those earning over $10 million — including 54 percent of Republicans.