Some facts are emerging.  First, this will be great for stimulating the economy.  I like the 10% tax on cash being kept off shore.  A great incentive for companies to move money back to this country.  

One thing I don't like though is the possible elimination of so many deductions, state taxes, medical costs, property taxes and also doing away with the personal exemption.  Even with the charitable giving and mortgage interest kept, and even with the doubling of the standard deduction, it will hurt many of itemize deduction (like me).  For those who do not itemize deductions, this plan greatly benefits them.