When big businesses run the government

It’s tough to have fair laws:

‘It makes no sense and it has to change,’ Mr. Obama said in his State of the Union address. ‘Get rid of the loopholes. Level the playing field. And use the savings to lower the corporate tax rate for the first time in 25 years — without adding to our deficit. It can be done.’

But recent efforts to rationalize the code all have failed, and some members of both parties express skepticism that this time would be different. The problem, in a nutshell, is that the popular step of lowering taxes for industries like trucking requires the unpopular step of raising taxes for industries like biotech.

The very idea already is drawing howls from the corporate sector.”

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