SURE, IT'S SIMPLER, BUT WHAT'S WRONG WITH INCOME?:

House Budget Chairman Paul Ryan, the lead writer on the budget, and his caucus will call for a reduction in individual tax rates and brackets. Instead of today's six brackets, with rates from 10% to 35%, they are calling for just two -- 10% and 25%. It's not clear how much income would fall under each bracket. [...]

It was not immediately clear whether the House GOP plans to replace that forecasted revenue, but it seems unlikely since it is proposing to keep revenues as a share of the economy on par with the 40-year average of 18.1% of the economy's GDP.

Since the financial crisis in 2008, revenues as a share of GDP have hit 60-year lows, coming in at around 15%. 

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