Dec 19, 2:27 PM EST

Obama says he wants to work with GOP Congress on tax reform, infrastructure spending

Politics Video

Buy AP Photo Reprints
Latest News
How President Obama spent Day 3 of his holiday vacation in Hawaii

Obama declares major disaster in upstate New York after November's 7-foot snowfall, flooding

In his 'year of action,' Obama rocked the boat with big moves on climate, immigration, Cuba

How Obama used executive powers to sidestep Congress during his 'year of action'

Obama calls NY police commissioner, offers full support after 2 officers killed

Interactive
Obama's 2011 State of the Union Address
Obama's 2010 State of the Union Address
Panorama of the State of the Union Address

WASHINGTON (AP) -- President Barack Obama says he will try to undertake an overhaul of the tax system with the new Republican majorities in Congress. He says the "devil is in the details."

He says the tax system needs to be simpler and fairer. He says some corporations engage in tax avoidance while others pay full freight. He also says he would like to combine tax changes with money for capital works projects.

Obama spoke Friday during his year-end news conference, shortly before he was leaving the White House for a Hawaii vacation.

Obama will have a Republican-led Congress for the first time in his presidency when the GOP takes control of the Senate in January. Republican leaders have said that creates opportunities for compromise on issues such as trade or taxes.

© 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.