President Barack Obama heralded a new national black history museum as "not just a record of tragedy, but a celebration of life" as he marked Wednesday's groundbreaking of the long-sought-after museum on the National Mall.

Obama proposes to reduce the corporate income tax rate from a peak 35% to 28%-- in effect a reduction of 20%. If passed, it would help increase corporate profits, lead to potentially higher stock prices and potentially more investment and the creation of new jobs

WASHINGTON (Reuters) - President Barack Obama launched a dialogue with corporate America on Wednesday over business tax reform, offering his first clear plan to cut the corporate tax rate, with little prospect of it becoming law in an election year. The president proposed cutting the top corporate tax rate to 28 percent from 35 percent. This would address U.S. corporations' long-standing gripe ...

With the proposal, President Obama enters an election-year debate with Republicans in Congress and in the presidential race who seek even lower taxes for businesses.

President Obama’s re-election campaign today designated 35 state, local and community leaders as national co-chairs, or “ambassadors” for the president, who will play a high-profile role in defending his record and mobilizing voters for November. The list includes current and former Democratic members of Congress,...

First Lady Michelle Obama, vastly more popular than President Barack Obama, hits the road Thursday for a pair of political fundraisers in Cincinnati, Ohio and Louisville, Kentucky that will highlight what an asset she is for her husband's reelection and for Democrats nationwide. A public opinion poll released January 19 by the Pew Research Center [...]

President Barack Obama on Wednesday proposed a lower corporate tax rate and an end to dozens of loopholes he said helps U.S. companies move jobs and profits overseas. "It's not right and it needs to change," he said.

President Obama proposed a major overhaul of the nation’s corporate tax code on Wednesday, an election-year gambit that aims to draw a contrast over a key policy issue with the Republicans vying to replace him. Read full article >>

President Obama was back at it again in front of the microphone — singing, not pandering!

President Barack Obama on Wednesday unveiled plans to cut the top corporate tax rate to 28 percent and choke off lucrative loopholes, an election-year gambit that tests Republicans' pro-business credo.