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READ: House GOP Chairman Releases Tax Reform Bill

AP Photo / J. Scott Applewhite

"Washington needs to wake up to this reality and start offering concrete solutions and debating real policies that strengthen the economy and help hardworking taxpayers," Camp said in a statement. "Tax reform is one way we can do that."

Speaker John Boehner (R-OH) stopped short of embracing the proposal, calling it "a discussion draft." He told reporters, "It's time to have a public conversation about the issue of tax reform. And so, I welcome the conversation."

The executive summary:

Dave Camp Tax Reform Executive Summary

Section-by-section summary:

Dave Camp Tax Reform Bill - Section by Section

The bill text:

Dave Camp Tax Reform Draft Bill