Treasury Secretary Steve Mnuchin today positioned the White House's tax proposal as something much broader than taxes, while speaking at the Milken Global Conference in Los Angeles:

Mnuchin also continued to express confidence that major business and personal tax cuts could be paid for by increased economic growth, although he cautioned that Administration estimates of 3% GDP growth wouldn't be achieved until two years after tax reform becomes law. For context, U.S. GDP was just 0.7% in Q1 2017.