President Barack Obama will leave office with the same top business tax rate as when he entered.

Obama proposed reforms to the corporate tax code in his 2016 budget (and again in the 2017 budget proposal) that included several headline-grabbing ideas. They included:

• lowering the top corporate tax rate from 35 percent to 28 percent, and a 25 percent rate for domestic manufacturers;

• imposing a 19 percent global minimum tax on foreign income;

• imposing a one-time 14 percent transition tax on business profits held overseas;

• and limiting the ability of U.S. businesses to move overseas.

The plan left experts and advocates across party lines disappointed, and ultimately didn't go anywhere.

The progressive group Citizens for Tax Justice lauded the principle of tackling international tax avoidance, but said Obama's proposal would actually benefit "the worst corporate tax dodgers."

The Tax Foundation, a free-market oriented think tank, estimated that the plan would shrink the economy, lowers wages and investment and reduces the number of available jobs.

"The devil is always in the details," said Tax Foundation analyst Scott Greenberg. "Ultimately, talks about corporate tax reform didn't go very far."

Plus, wrote Brookings Institution economics fellow Robert Pozen, the tax rates Obama proposed were politically unrealistic.

"Most people who look at the corporate tax system today consider it as every bit as dysfunctional as when Obama entered office, maybe more," said Joseph Thorndike, a tax historian with the trade publication Tax Analysts.

We rate this Promise Broken.