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Not unless you are in the highest individual income tax bracket. If you have an income of over $400,000, then you can expect a 2.7% increase in income tax. If you have an income of over $1 million, then you can expect to see cap gains taxes taxed at the same rate as other incomes. That's it. And prominent Republicans denouncing the republican nominee is indeed newsworthy. But explain to me, how is it in any way newsworthy or surprising that a Democrat former president would endorse the Democrat nominee instead of the Raab Boris Cummings Gove Shapps Hancock Patel Reesmogg Sunak Shirt republican one? Socialism has nothing to do with raising or lowering taxes. You can argue whether or not it's a good idea but calling it "socialism" is just plain incorrect. He actually rejected the socialized medicine proposal, M4A, he supports a public option though, which is not socialized. Overall, there's real and valid criticism for Biden and this platform, but to call a corporatist like him a socialist is just outright incorrect at best, or poorly done fearmongering at worst. Again, has absolutely nothing to do with socialism.
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