Here is Goldman with an elaboration of the handful of bullet points contained on the much anticipated one page, extending it by nearly 600% to some 6 pages of details. Perhaps it would be prudent to just have Alec Phillips present the next iteration of Trump's tax plan: after all he , together with Jan Hatzius, appears to be the man behind it.

From Goldman

Q&A on the President's Tax Reform Plan

The White House announced a slightly revised set of principles for tax reform, which appear to incrementally reduce the size of the proposed tax cut compared with the President's campaign proposal, and eliminate a few of the differences between the campaign plan and the House Republican blueprint on tax reform.

That said, the White House proposal is still likely to reduce tax receipts by substantially more than the House proposal would. While the White House appears likely to rely on optimistic growth assumptions to offset most of the fiscal effects of the proposed tax cut, Congress will not be able to do so and must decide whether to pursue revenue-neutral tax reform or an explicit tax cut. While no decision is imminent, today's announcement and indications of openness to a tax cut among congressional Republicans suggest that a tax cut is more likely than revenue-neutral reform.