The 1-page White House handout on Trump's tax proposal

Washington (CNN)Members of the Trump administration outlined the broad strokes of his new tax proposal Wednesday, which would cut the top individual tax rates from 39.6% to 35%.

It would also reduce the number of total rates from seven to three and cut the top tax rate for all businesses to 15%, far below the current top rates.
Here's the one-page handout the White House distributed to reporters to explain their plan: