READ: House GOP Chairman Releases Tax Reform Bill

FILE - This Tuesday, July 10, 2012 file photo, shows House Ways and Means Committees Chairman Rep. Dave Camp, R-Mich., in Washington. Camp announced a proposalin March 2013 that a popular tax deduction for equipment... FILE - This Tuesday, July 10, 2012 file photo, shows House Ways and Means Committees Chairman Rep. Dave Camp, R-Mich., in Washington. Camp announced a proposalin March 2013 that a popular tax deduction for equipment purchases would become permanent and be set at $250,000, aside from annual adjustments for inflation. Known as the Section 179 deduction, it's scheduled to drop to $25,000 next year after having been at $500,000 from 2010 through 2013. (AP Photo/J. Scott Applewhite, File) MORE LESS
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House Ways & Means Committee Chair Dave Camp (R-MI) released a tax reform blueprint on Wednesday.

“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

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