Governor Mitt Romney has reversed course in the last decade on his largely liberal social stances. But, to this day, he proposes economic polices which can hardly be considered fiscally conservative.
Some of the central tenets of fiscal conservatism are lower taxes, free trade and deregulation.
Romney’s current tax plan is relatively unchanged from President Obama’s. The only major differences between the plans are the elimination of the death tax, a drop in the corporate tax rate to 25 percent and a permanent extension of the Bush tax cuts. Romney’s entire plan has been described by the Wall Street Journal as “modest.”
More than mere modesty, it is a Republican stamp of approval on an overwhelmingly progressive system.
The Club For Growth had this to say on free trade, “Trade freedom is essential to prosperity, and expanding free markets as much as possible enhances that prosperity.”
Romney has stated on his first day as President of the United States, he would sign an executive order identifying China as a “currency manipulator” and demand the yuan be strengthened against the dollar. If they fail to do this he will place punitive tariffs on Chinese exports to the U.S.
This is extremely naïve and is by no means an act of free trade. Tariffs would only serve to tax the consumers indirectly. Just as taxes on businesses are passed on to consumers, a trade tax on Chinese exports would be similarly passed on.
It seems many would be more willing to accept Mitt Romney’s conservative conversion if his economic proposals were actually conservative.
In addition to economic policy, Governor Romney thinks defending Romneycare with the cloak of Federalism will convince conservatives it wasn’t a big deal.
What he fails to realize is conservatives stand for individual freedom and personal responsibility, even at the state level. Though Romneycare may be Constitutional, it is certainly not in harmony with the spirit of limited government conservatism.
We know Romney is not a supply-sider.For a more thorough examination, read this Forbes piece. The more devastating revelation is he thinks what he has been proposing is conservatism.
Mitt Romney is so out of touch with conservatives that he cannot even convincingly act like one. With millions of dollars at his disposal to hire the best staffers and the best acting coaches, he has still failed to convince conservatives he knows what they are.
Today Governor Romney once again auditioned as a fiscal conservative in releasing his new, revamped tax plan. He may have finally realized his conception of conservatism was incorrect.
As President, he will not have years to test what he thinks conservatives want. If Romney is the Republican nominee, Republicans will have to accept that with Romney, his first inclination will never be conservatism.