evidence: While big corporations and the wealthy will pay more in taxes under President Biden’s policies, President Biden opposes tax increases on middle-class families. He has pledged that under his Administration, no one earning less than $400,000 will pay an additional penny in federal taxes—not one penny. [...] - Raising the corporate tax rate to 28% and the corporate minimum tax to 21%. President Biden believes large corporations should pay their fair share, and is committed to reversing the massive tax giveaway to big corporations that Republicans enacted in 2017. President Biden would raise the corporate tax rate to 28%. He would also ensure that billion-dollar corporations pay at least 21% of their income in taxes, building on the Inflation Reduction Act’s (IRA) corporate minimum tax. [...] - Raise taxes on millions of middle-class and working families. Republican efforts to repeal President Biden’s improvements to the ACA premium tax credits would increase taxes by an average of about $800 for millions of Americans, especially older people and self-employed people. The Republican plan would also repeal the IRA’s clean energy tax credits, which would raise taxes by thousands of dollars for families installing a heat pump or solar panels.