Trump, the Republican presidential nominee, estimated his plan would create 25 million in new jobs, and that the massive tax cut would be offset by gross domestic product growth of at least 3.5%, on average, each year for the next decade.

"This is the most pro-growth, pro-jobs, pro-family plan put forth perhaps in the history of our country," Trump said, according to the prepared remarks.

The New York businessman touted plans that he's championed in recent weeks, including the child care tax credit he said his daughter Ivanka worked on with him, and a reduction in the business tax rate from 35% to 15%. He said the latter would lead to "an explosion" of new jobs.

The Republican nominee also said he would put a moratorium on all new federal regulations, aside from ones "compelled by Congress or public safety," adding that he'd eliminate the Waters of the US Rule and the Environmental Protection Agency's Clean Power Plan.