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Tax-Writer Camp’s Push for Rate Cut Forces Deduction Choice

Representative Dave Camp’s call to lower U.S. corporate and individual tax rates to 25 percent would require Congress to make the type of difficult choices that have doomed tax overhaul plans for a quarter century.

Camp, a Michigan Republican who heads the House Ways and Means Committee, this week said he wants to lower the top individual and corporate rates by 10 percentage points. His aim would be to collect revenue totaling 18 percent to 19 percent of gross domestic product, which is near the recent average.