"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:
The bill text: