Treasury Secretary Steven Mnuchin and White House chief economic advisor Gary Cohn outlined President Donald Trump's tax plan Wednesday afternoon.
At a White House briefing, the pair talked about the proposal that Mnuchin contended would be the "biggest tax cut" in U.S. history.
Some of the highlights included:
- Reducing the top tax bracket to 35 percent
- Doubling the standard deduction
- Lowering the business tax rate to 15 percent
- Repealing the AMT
Read more about the full plan here: The White House just outlined its tax plan. Here's what's in it