Expect tax law changes with the transition of biden - harris administration go into detail on what changes they will incorporate within their transition, the benafits of these changes and the downsides as well

Is it good that corporate tax rates will be raised? how will the biden and harris administration effect this?

Is it very important for the government to lower the budget deficit and eventually reduce the national debt? how will the biden and harris administration effect this?

Go into detail into both questions and the topic