The idea is to reduce taxes on working and job-creation by closing loopholes, making the taxation of trade fair and possibly also by shifting to a market-oriented approach to climate change.
Whatever the mix, the package has to be revenue-neutral (under static assumptions) and incidence neutral (each income group pays the same, no shifting the burden of tax from the wealthy to the working class).
Probably this means a big reduction or even a complete elimination of payroll taxes.
While the package will be “revenue—neutral,” it will support sustained strong growth of the economy, and so actually bring the budget into balance even with increased money for the military.
Trump and the Congressional Republicans are not tinkering around the edges. Trump is a BIG IDEA man and he sees the inter-connection of things.
Tacking any kind of tax on anything remotely called climate change is utterly ridiculous.