President Obama Calls for Action on Corporate Tax Reform

President Obama is calling on lawmakers to help stop corporations who dodge taxes.

The treasury department has been closing tax loopholes that allowed corporations to move money offshore to avoid paying taxes on it.

The president wants the language in the laws changed so that this practice becomes illegal.

The president referenced the Panama Papers scandal in his push for change, stating that avoiding taxes is a global issue that’s not unique to other countries.

The president also says that closing these loopholes could allow the tax money to be re-invested into schools and infrastructure.