"Prevents President’s tax increases; Reforms broken tax code to make it simple, fair, and competitive; clears out special interest loopholes and lowers everybody’s tax rates to promote growth."
What does that mean? Well, there are a few more details on page 15of the report - The Path to Prosperity:
It is important to read the few words used carefully. For example, the statement towards the start of this post says everyone's rates will be lowered. That is not the same as everyone's taxes will be lowered. Many individuals will have a tax increase because even with a lower rate (perhaps), your taxable income will be higher due to the removal of all or some significant number of tax breaks. I am not saying that is a bad thing, just pointing out the difference between a lower rate and lower taxes.
I think the big idea is good - a tax system with a broad base and low rates is more likely to meet principles of good tax policy, but I am concerned that the real action will be delayed because of the lack of specifics and insufficient effort to help the public understand today's tax system including its 250 tax expenditures (special tax rules). I hope lawmakers are working on legislative language so we can get a better sense of what the changes are. Ideally, it would be best to start with specific goals for the reform so there is something to measure the proposals against.