During his campaign, President Joe Biden promised no new taxes for Americans earning less than $400,000 while proposing higher taxes for corporations and the wealthy. As Biden's $3.5 trillion tax plan is refined down to $1.75 trillion, discover which policies survived, which were cut, and what it all means for you. From expanded child and dependent tax credits to increased corporate tax rates, our article breaks down the key elements of Biden's proposal and its potential impact on your financial future.