Boehner, R-Ohio, told reporters after a private meeting with House Republicans, that House Ways and Means Committee Chairman Dave Camp, R-Mich., will release a “discussion draft” on tax reform that will spark a much needed “public discussion” about the issue.
But as for House action, Boehner wouldn’t commit to a timeline.
“We're going to start the conversation today,” Boehner said. “Now, I expect the members and our constituents and the American people to take part in this conversation. I think it's a healthy conversation to have, and I look forward to it.”
Camp has released some details of his plan, which includes the creation of two tax brackets — one set at 10 percent, the other at 25 percent. It would impose an additional tax on some types of earned income above $450,000.
Boehner, meanwhile, did not dismiss any of Camp’s ideas outright and suggested he would support closing tax loopholes in exchange for lowering rates and broadening the tax base.
“The idea of tax reform is to get our economy going again, provide better, more economic growth, more jobs and higher wages,” Boehner said. “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 there.”