WASHINGTON — Senate Budget Committee chairman Kent Conrad, D-Neb., on Tuesday introduced the Bowles-Simpson budget deficit reduction proposal as his long-term budget plan and said the committee will begin considering it Wednesday.

An April 18 version of the proposal called the Fiscal Commission Budget Plan on the committee’s website, dated April 18, is similar to the original plan released in November 2010 in that it recommends prohibiting tax-exemption for any new municipal bonds as an illustrative example of tax expenditure cuts needed for comprehensive tax reform.

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