Ezra Klein
Ezra Klein
Columnist

An October surprise: When the candidates agree

In heated elections like this one, there is a tendency in the United States to characterize the arguments between the two candidates as much more momentous — world-historical, even — than they actually are.

It’s exciting to be the party of free enterprise battling the forces of socialism. It’s flattering to think of yourself as a patriotic American running against a cosmopolitan internationalist. It’s useful to convince your donors that you believe in businessmen like them while your opponent believes only in government.

Ezra Klein

Ezra Klein is the editor of Wonkblog and a columnist at the Washington Post, as well as a contributor to MSNBC and Bloomberg. His work focuses on domestic and economic policymaking, as well as the political system that’s constantly screwing it up. He really likes graphs, and is on Twitter, Google+ and Facebook. E-mail him here.

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Conversely, it’s kind of boring to think of yourself as having a set of technocratic disagreements with the opposition. Yet, for the most part, that’s what this U.S. presidential election is about.

One of this year’s more amusing “Ideological Battle of the Century!” poses was recently adopted by Mitt Romney, the Republican nominee.

“There’s a tape that came out just a couple of days ago where the president said yes he believes in redistribution,” he said. “I don’t.”

Romney supports Medicare and Medicaid, as well as food stamps, Social Security and welfare. As governor of Massachusetts, he passed a health-care-reform law that subsidized insurance coverage for his state’s poor.

Romney, in other words, fully believes in redistribution. He just prefers a bit less of it than President Obama. Saying otherwise might sound “severely conservative,” but it’s not actually true.

A similar dynamic is evident on taxes. Obama’s budget proposes raising taxes to equal 19.8 percent of gross domestic product by 2022, a share of the economy that’s closer to tax policy under the last Republican administration than the last Democratic administration. Obama would keep most of the Bush tax cuts. Romney, by contrast, says he wants taxes at 18.75 percent of GDP by 2022. There is a genuine question about whether that’s achievable given the rate cuts Romney has proposed, but in theory, at least, the difference between the two candidates is about a percentage point of GDP annually.

Over time, that’s a difference of trillions of dollars. In terms of the kinds of support the government can provide to the elderly and the poor, and the kind of military we can afford, it matters. It doesn’t, however raise huge philosophical questions. And after negotiations with Congress and the inevitable reckoning between Romney’s plan and political and fiscal reality, the two plans would probably end up even closer.

This year’s campaign did present a few opportunities for ideological cleavage. Take health care. Although Obama’s plan is based on Romney’s reforms in Massachusetts, Republicans loathe it. Romney had an opening to endorse what many conservatives truly believe: It’s simply not the government’s role to help Americans gain access to health care. But Romney has never said anything of the kind. Instead, he has framed his opposition to Obama’s plan as a technocratic disagreement over whether you get better health outcomes through federal or state policies.

The government’s role in job creation offered a similar opportunity for a decisive philosophical break. Democrats and Republicans have long thought that the federal government can — and during recessions should — create jobs through direct spending and tax cuts. Since the 2008 financial crisis, however, Republicans have increasingly questioned the logic and legitimacy of such Keynesian stimulus. On the stump, Romney has echoed that view. “Government doesn’t create jobs,” he said. “It’s the private sector that creates jobs.”

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