GOP Releases U.S. Tax Revamp Proposal

House Ways and Means Committee Chairman Dave Camp (R-Mich.) authored a tax code which John Boehner (R-Ohio) described as only the initial part of a conversation: "The idea of tax reform is to get our economy going again, provide better, more economic growth, more jobs and higher wages. The way you do that is you bring down rates. And to bring down rates, you clean out a lot of the garbage that's in there and the special interest issues that are in it. I think we ought to have a real conversation and this is the beginning of that conversation."

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