Obama’s Corporate Tax Cut Proposals

On 28 January 2014, President Obama delivered his fifth State of the Union Address.

In his speech, President Barack Obama provided few new ideas on tax reform, but included the corporate tax cut arrangements he has proposed many times before since 2012.

President Obama again put forward the plan to eliminate corporate "tax loopholes" and provide for a minimum tax on foreign earnings, while lowering the top corporate tax rate from 35 percent to 28 percent.