Morning Edition from NPR

Alexander Payne watches a movie every day — or tries to, anyway. Lately, the writer and director of The Descendants has been busy going to nomination and awards dinners, in advance of Sunday's Oscar night — when the Best Picture, Best Director and Best Adapted Screenplay prizes could be his.

On Wednesday, President Obama and a number of special guests celebrated the groundbreaking for the National Museum of African American History and Culture. The Smithsonian museum on the National Mall in Washington, D.C., is expected to open in 2015.

President Obama's plan to overhaul the nation's corporate tax system would sharply cut the taxes that U.S. companies pay. But it would also eliminate many of the loopholes that help them pare down what they owe.

White House spokesman Jay Carney says the proposal unveiled Wednesday should appeal to both Democrats and Republicans, by doing what both sides "say is important to do ... which is lower the rate, broaden the base [and] eliminate the underbrush of unnecessary subsidies and loopholes and special provisions that complicate the tax code."

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RENEE MONTAGNE, HOST:

Italian Prime Minister Mario Monti wants more transparency so he made his cabinet disclose their finances. That sparked so much interest, the government website crashed. Ministers own real estate in New York, Brussels and Paris. One made $9 million last year.