Former Florida governor Jeb Bush laid out details of his economic plan in North Carolina Wednesday, focusing primarily on how he would reform the tax code as president. The proposal, Bush said, would help achieve his stated goal of four-percent annual economic growth.

“Of all the terrible things that can be said about our tax code, and I can think of a few, the worst is probably this: It punishes people for doing things we should encourage and rewards people for doing things that may not be so good,” Bush said. The Republican’s plan, which he first outlined in an op-ed for the Wall Street Journal, would create three income-tax brackets, lower the corporate-tax and capital-gains tax rate, and eliminate what Bush calls a set of “special favors, carve-outs, phase-outs and subsidies” found in the code.