In his 1963 State of the Union address, he proposed substantial tax reform and a reduction in income tax rates from the current range of 20–90% to a range of 14–65% as well as a reduction in the corporate tax rates from 52 to 47%. Kennedy added that the top rate should be set at 70% if certain deductions were not eliminated for high-income earners. Congress did not act until 1964, a year after his death, when the top individual rate was lowered to 70%, and the top corporate rate was set at 48%.