It can be read in full here. The committee won't vote on the plan until Friday. Ezra Klein goes through it point by point. Yglesias notes:

Surely the strangest thing about the Bowles-Simpson debt reduction plan is that, relative to current law, it . . . increases the public debt load over the next ten years ... Obviously starting around 2020 or so Bowles-Simpson starts doing better than current law, but it’s difficult for the current congress to tie the hands of future congress.

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