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The lowest energy costs are in solar and renewables, which he has promised to slash all investments that Biden put into place for those. So energy costs would go up long term..not down. Also the impact on the environment will be more for fossil fuels so it will cost more to clean up long term. (more expensive, not cheaper)
As for cutting taxes on Social Security, what is it going to do? He's also mentioned cut backs to social security, but we haven't seen any numbers for it, so we don't know yet. We do know Obama tried to up the the salary limit for minimum wage for overtime requirements from 23,000 to over 47k but the courts blocked it. Then Trump set it at 35k. Biden has upped it to 55,000. Trump has said he wants to bring that back down. You know, because all those hard working Americans who make 40k a year don't deserve to make overtime I guess.