US Treasury Secretary Janet Yellen provided further details into the Biden administration’s ambitious corporate tax plans, which are expected to increase government revenue, and help pay for the administration’s proposed $2.25 infrastructure package.

Yellen provided additional insight into “The Made in America Tax Plan,” which is supposed to remove incentives for companies to move profits overseas, increase government tax revenue to help fund critical social problems, as well as increase fairness to all Americans. If the plan materializes, it would reportedly generate upwards of $2.5 trillion in revenue over a span of 15 years.

However, the tax plan also means that American companies would no longer be able to benefit from the numerous quirks embedded in the tax code, which allowed for reduced tax liabilities by shifting profits overseas. The tax plan would also address climate change, by substituting fossil fuel subsidies with clean energy production tax incentives.

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