Updated at 5:00 p.m. ET
President Trump and GOP congressional leaders have outlined their plan for the most sweeping overhaul of the federal tax code in more than three decades.
They're proposing deep cuts in both individual and corporate tax rates, saying that will help supercharge a slow-growing economy.
"We want tax reform that is pro-growth, pro-jobs, pro-worker, pro-family, and yes, tax reform that is pro-American," Trump said Wednesday during a rally at the Indiana State Fairgrounds.