- President Obama reportedly intends to propose changes that would limit the ability of multinational companies to avoid paying tax by exploiting the differences between countries' tax rates and regulations.
- The changes are expected be part of the president's 2015 budget, which he is due to unveil in March.
- The White House is also set to drop a proposal to restrict pension spending by changing how inflation is accounted for. The measure had been designed to entice Republicans.
- In addition, the White House wants to significantly increase spending on education, manufacturing and job training.
- However, as with many of the Administration's proposals, they could well die in the House amid strong GOP opposition.
Obama looks to limit corporate tax avoidance in budget
Feb 21 2014, 03:57 ET