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It's counterintuitive, but the most divisive arrangement is when the same party controls both Congress and the presidency, a situation encountered in eight of the past 10 years. With government unified under a single party, the minority has the least possible incentive to cooperate with the majority. ↗
Obama's view of the tax code is inherently political: Whom can we hit next? Energy companies, jet owners, bankers? Instead, the question should be how to promote economic efficiency by raising revenue without trying to manipulate corporate or personal behavior. ↗