President Donald Trump, administration officials and Republican leaders in Congress outlined the changes on Wednesday that they want to see in the nation’s tax code.

Trump and a group known as the “Big Six” — Gary Cohn, director of the National Economic Council; Treasury Secretary Steven Mnuchin; Senate Majority Leader Mitch McConnell; Sen. Orrin Hatch, chairman of the Senate Finance Committee; House Speaker Paul Ryan; and Rep. Kevin Brady, chairman of the House Ways and Means Committee — spent months developing the plan.

Here is an analysis from Business Insider.