Well the individuals tax cuts expire,
But here's the thing: After 2025, all individual tax cuts are set to expire. At the same time, corporate rate cuts are made permanent under the bill.
As a result, by 2027 a large majority of people making less than $200,000 will either see little change in their tax bill or a tax increase relative to what they pay today, the JCT estimates.
Enjoy your tax cuts while they last
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So when Biden wants to raise taxes to what they previous were, its a good thing, instead of cuts to all social programs like Tramp and the republicans want to do.