white House Press Secretary Karoline Leavitt outlined President Donald Trump’s latest tax plan in a press briefing Tuesday. The plan includes sweeping tax cuts for middle-class Americans and targets loopholes used by billionaire sports team owners and Wall Street executives.

“These are the tax priorities of the Trump administration that the president has laid out for members in that meeting today,” Leavitt said. At the center of Trump’s tax agenda is the elimination of taxes on tips, Social Security benefits for seniors, and overtime pay—three key promises he made on the campaign trail.

In addition, Trump is seeking to renew his 2017 middle-class tax cuts while making adjustments to the state and local tax (SALT) cap, an issue that has sparked debate in high-tax blue states. Perhaps most notably, Trump’s plan closes the carried interest loophole, a tax break often exploited by hedge fund managers, and eliminates special tax deductions for billionaire sports team owners.

“These tax cuts will be the largest in history for middle-class working Americans,” Leavitt emphasized. “The President is committed to working with Congress to get this done.”