 The president's pledged to let the Trump tax cuts expire next year. Fox's Edward Lawrence. Former President Trump said that he would extend his tax cuts that he passed and work with Congress to do that. President Biden said in the past he wants the tax cuts to expire and then pledged this last night. He's increased the tariff. He will increase the taxes on middle class people. I said I'd never raise a tax upon anybody making less than $400,000.