President Joe Biden suggested this week that his administration would be putting in place an increase in taxes should he win reelection.

Biden gave the signal in a post on X, in which he wrote, “Donald Trump was very proud of his $2 trillion tax cut that overwhelmingly benefited the wealthy and biggest corporations and exploded the federal debt.”

“That tax cut is going to expire. If I’m re-elected, it’s going to stay expired,” he added.

The law Biden was referring to is the Tax Cuts and Jobs Act (TCJA) of 2017, a law that simplified and reduced taxes “across the income spectrum,” according to a report from the Tax Foundation from last month that explained Congress has less than two years to avert the situation where “the vast majority” of Americans get affected by tax hikes.

“The TCJA reduced average tax rates for taxpayers at all income levels because it lowered marginal tax rates, widened tax brackets, doubled the child tax credit and zeroed out personal and dependent exemptions, nearly doubled the standard deduction, and limited several itemized deductions and the alternative minimum tax, among other changes,” the report stated, adding, “Average rates declined across all income groups and have remained below their 2017 levels since.”

Biden’s remarks on X reiterates his penchant to break promises, as he previously vowed to not raise taxes on Americans who earn less than $400,000 per year.

If he fulfills the promise he made on X, the Tax Cuts and Jobs Act, enacted by Trump would be totally gone with its expiration at the end of 2025.

Biden has already made a proposal to enact a $2 trillion tax hike, which would be one of the biggest in American history.

While it has a very low chance of passing the House and the Senate to become law, the incumbent plans to raise tax revenues by a total of $4.9 trillion over a period of 10 years and use about $1.9 trillion to fund various programs, with the rest going to deficit reduction.

House Republicans have already slammed the proposal, with House Speaker Mike Johnson (R-LA) and other Republican leaders calling it “glaring reminder of this Administration’s insatiable appetite for reckless spending.”

“Biden’s budget doesn’t just miss the mark — it is a roadmap to accelerate America’s decline,” the GOP leaders said.