The Mitt Romney – Ron Paul Nexus: They’re More Similar Than You Think

In the contest to be the Republican party candidate for President of the United States, the standard narrative characterizes Mitt Romney as a moderate, without solid conservative principles to inform his decisions, who has the support of the party establishment. At the other end of the spectrum, Ron Paul is characterized as as a conservative-zealot, a party outsider whose system of libertarian principles trump all practicality and compromise.

Because of this contrast, more than a few Paul supporters have demonized Romney as the functional equivalent of President Barack Obama, and many indicate that if Romney becomes the Republican candidate they will vote for a third party candidate or refuse to vote altogether. Quite a few Romney supporters, on the other hand, demonize Ron Paul as a crazy, conspiracy theorist whose views are simply too extreme to take seriously.

What most people don’t seem to realize is that, ideological differences aside, if you compare the details of what Ron Paul and Mitt Romney say they plan to actually do as President they are much more similar than the characterizations would lead you to think.

Here is a table of what Ron Paul would do as President, adapted from Ron Paul’s “Plan to Restore America” on his official website, side-by-side with the similar portions of Mitt Romney’s “Believe in America” plan on his official website:

Ron Paul Plan Mitt Romney Plan
Return Spending to 2006 levels [20% of GDP] Cut spending and cap it at 20 percent of GDP
Honor entitlement promises to our seniors and veterans while allowing young workers to opt out We must keep the promises made to our current retirees; keep the system solvent and introduce market-based dynamics (similar to Ryan Plan)
Block grant Medicaid and other welfare programs to allow States flexibility and ingenuity they need to solve their own unique problems Convert Medicaid to a block grant administered by the states…providing states with the flexibility to develop innovative and effective approaches best suited to their needs
Make a 10% reduction in the federal workforce Reduce the overall size of the federal workforce by 10 percent
Slash Congressional pay and perks & curbs excessive federal travel Align the wages and benefits of federal workers with market rates
President Paul will take a salary of only $39,336 Will likely donate entire presidential salary to charity
Lower the corporate tax rate to 15% making America competitive in the global market Reduce corporate income tax rate to 25 percent
Allow American companies to repatriate capital without additional taxation, spurring trillions in new investment Transition to a “territorial” tax system, in which income is taxed only in the country where it is earned, to allow companies to repatriate profits to the United States without tax penalty
Extend all Bush tax cuts Make permanent the lower tax rates for investment income put in place by President Bush; the lower rates established by President Bush should be regarded as a directional marker on the road to more fundamental reform
Abolish the Death Tax Eliminate the Death Tax
End taxes on personal savings, allowing families to build a nest egg Eliminate taxation on capital gains, dividends, and interest for any taxpayer with an adjusted gross income of under $200,000, helping Americans to prepare for retirement
Repeal ObamaCare, Dodd-Frank, and Sarbanes-Oxley Repeal Obamacare; Repeal Dodd-Frank and replace with streamlined, modern regulatory framework; . Amend Sarbanes-Oxley to relieve mid-size companies from onerous requirements
Mandate REINS-style requirements for thorough congressional review and authorization before implementing any new regulations issued by bureaucrats Implement law similar to the REINS Act that requires all rules with an economic impact greater than $100 million to be approved by both houses of Congress before taking effect. If Congress declines to enact such a law, President Romney will issue an executive order instructing all agencies that they must invite Congress to vote up or down on their major regulations and forbidding them from putting those regulations into effect without congressional approval
Cancel all onerous regulations previously issued by Executive Order By executive order, direct all agencies to immediately initiate the elimination of Obama-era regulations that unduly burden the economy or job creation, and then caps annual increases in regulatory costs at zero dollars
A true balanced budget by 3rd year Balance budget; pass a Balanced Budget Amendment to the Constitution
Conduct a full audit of the Federal Reserve
Implement competing currency legislation to strengthen the dollar and stabilize inflation
Eliminate departments of Energy, HUD, Commerce, Interior, and Education
Abolish TSA
Abolish Corporate Subsidies
Stop All Foriegn Aid

As you can see, 70% of the individual measures that Paul and Romney are proposing are the same or very similar. The 70% in which they match consist of practical measures that can be implemented to shrink the size of government and improve the economy.

The 30% of measures which Paul proposes that Romney doesn’t consist primarily of the more drastic measures, many of which are appealing to some limited-government and libertarian conservatives. This 30% would need to be planned out in far more detail before they could be realistically implemented. Things like abolishing all foreign aid and eliminating whole federal agencies require practical phase-out transitional planning to win wider support, as well as cooperation from a congress that is sure to resist drastic changes.

Politics in the U.S. is all about coalition building. Ron Paul knows that his chances of becoming the Republican nominee are slim. But he’s playing the game to get as many delegates to the convention as he can so that his libertarian views will be assured a more influential place within the Republican coalition.

Romney would deliver most of the more practical measures that Paul supporters would get from a Ron Paul presidency and by sticking in the party, Paul guarantees that the Republicans will make concessions to appeal to his sizable faction. That means that a Romney Presidency would be smart to include Paul in some fashion. He might even get to audit the Fed and move the TSA closer to extinction.

I suspect that Ron Paul knows that he will accomplish a lot more in this way then he could by drawing away his supporters as a 3rd party candidate.

Unfortunately, some of Paul’s supporters don’t seem to be as wise as Ron Paul himself. They are so uncompromising that they are willing to sacrifice the chance to get 70% of what Paul would do and the chance to have their views wield more influence in the Republican party because they will refuse to vote for Romney if he is the nominee. And if that inflexibility results in four more years of a Democratic party controlled White House, that would be a tragic mistake.

Intraparty political contests are all about focusing on difference and ideology. Candidates need to distinguish themselves from their opponents in order to compete and attract supporters. But it is also valuable to counterbalance the difference with a realistic look at similarities. If we neglect the comparable and complementary and only look at the contrast we risk a distorted, unbalanced perception.

So vote for Ron Paul in the primary elections if you believe he is the best candidate, or if you want to see his positions have more influence.  But don’t refuse to vote for Romney, who may likely be the nominee, because he isn’t Ron Paul.  And if you are a Mitt Romney supporter, don’t demonize Ron Paul supporters.  They hope to accomplish many of the same things, and they make a positive contribution to supporting limited, constitutional government.

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2 Responses to The Mitt Romney – Ron Paul Nexus: They’re More Similar Than You Think

  1. You know, it really bugs me that you only pay attention to financial policy and then say “They’re the same!” Last time I checked, there was a lot more to life than just money.

  2. Jeremy, notice that I did not say “They’re the same!” I said that laying aside ideology (which is certainly an important thing) and looking at the specifics of what they say they will do, they are more similar than most people think.

    I simply compared the plans that both candidates have published on their websites. And both plans focus on the financial state of the nation and shrinking the size and cost of government, so money ended up being the emphasis.

    Of course there is far more to life than money. But right now the size of government and the economy are two of the biggest problems the nation faces and so it is natural that people are concerned about money.

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