House Speaker Paul Ryan of Janesville has been talking about the importance of reforming the tax code for months.
Ryan says the plan Republican leaders in Congress rolled out yesterday mean more jobs, fairer taxes and bigger paychecks for American families.
The GOP reform framework calls for reducing the corporate tax rate and reducing income tax brackets from 7 to 3 with rates of 12%, 25% and 35%.
It also gets rid of most itemized deductions and repeals the estate tax.
