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Caroline Baum: The GOP has some secrets as well

NEW YORK - Mitt Romney passed the likeability test at the first presidential debate on both an absolute and a relative basis.

It wasn't even a contest between the Republican nominee and the Barack Obama impersonator who showed up to play the president in Denver on Oct. 3.

At the second town hall debate, it was the feisty Obama who took to the stage to level accusations at Romney and fend off counterattacks. If the public could glean anything more than a to-do list from either candidate - the how-to list comes later - my congratulations.

Last week, I revealed some of Democrats' secrets. Now it's the Republicans' turn.

Five things they don't want you to know.

* No. 1: Romney isn't a true conservative.

Democrats can't decide if Romney is a flip-flopper, a centrist or "severely conservative," as he described himself. Neither can Romney.

I'd bet against "severely" for the simple reason that "governor of Massachusetts" isn't a conservative credential.

The state is among the bluest of the blue, voting for the Republican presidential candidate only four times since 1928: twice for Dwight Eisenhower and twice for Ronald Reagan.

Yes, Massachusetts has had its share of Republican governors, including William Weld (1991-1997) and Romney (2003-2007). But in general, the Bay State prefers its conservatives "lite."

As governor of Massachusetts, Romney was for a woman's right to choose before he was against it. Ditto reducing greenhouse gases.

His signature achievement? Universal health care, complete with an individual mandate.

Romney veered right during the primaries before tacking to the center during the first debate. Romney the centrist did better in the polls.

A centrist president would be a disappointment to the tea party, which came to see Romney as its best shot to defeat Obama.

Social conservatives might find themselves on the sidelines as well. If elected, Romney will face so many fiscal cliffhangers that overturning Roe v. Wade will be the last thing on his mind - and his agenda.

* No. 2: Don't hold your breath on those loopholes.

Much of the criticism of Romney's tax-reform plan is directed at his budget math. Romney wants to lower corporate and individual income-tax rates and do away with the estate and alternative minimum taxes.

He says he will make up the lost revenue by closing loopholes. And he will do all of this without adding to the deficit, raising taxes on the middle class, or changing the progressivity of the tax code. Good luck with that.

Romney's critics want to know  which deductions and exemptions he'd eliminate, but he's not telling.

Why? Because he isn't going to get rid of entire categories of loopholes since each one has a powerful constituency behind it.

Imagine a candidate running on the following platform: "Vote for Mitt Romney and kiss your mortgage-interest deduction goodbye!" It sounds like a negative campaign ad, and would probably have the same effect.

Romney has said clearly that he will limit the amount of deductions that high-income earners can take while preserving them for the middle class. He also said at the first debate that he wouldn't implement a tax cut that adds to the deficit.

Eliminating all the loopholes in the tax code, including the mortgage deduction and exemption for employer-provided health care, would generate $1.3 trillion of revenue annually, according to Congress's Joint Committee on Taxation.

Now you're talking real money.

You're also talking pipe dream.

* No. 3: A big tent is better.

Who folded Ronald Reagan's Big Tent, which could accommodate Arlen Specter and Rick Perry, Olympia Snowe and Michele Bachmann?

Now RINOs - Republicans in Name Only - aren't welcome.

Polls confirm that the United States is still a center-right nation. Surely Republicans understand that center-right is left of hard right.

So many people are turned off by conservatives' hard-line positions on gay marriage and abortion that they vote Democratic on that basis alone.

Centrist Republicans, like centrist Democrats, are a dying breed. The party that wants to ban government from the boardroom should think twice before inviting it into the bedroom.

* No. 4: Made in America isn't made for Americans.

Everyone remembers when free-trader George W. Bush succumbed to politics and slapped tariffs on various steel imports in 2002 to help domestic producers - not to mention his re-election prospects in certain steel-producing states.

Romney has accused Obama of being a wuss when it comes to China's unfair trade practices and says he will declare China a currency manipulator on day one, the first step in imposing tariffs on imports.

Bad idea, and Romney knows it.

Protectionism hurts consumers, who end up paying higher prices. Centuries after the benefits of free trade were outlined by David Ricardo and Adam Smith, politicians are still drawn to the magic of mercantilism.

* No. 5: About that pledge never to raise taxes.

One of the more memorable moments of the Republican primary debates took place at Iowa State University on Aug. 11, 2011.

The moderator asked the candidates if they would reject a deal that included $1 of tax increases for every $10 of spending cuts.

All eight raised their handS.

Everyone who has worked with Romney talks about his strengths as an executive, his ability to get things done.

As chief executive of USA Inc., if Romney had a deficit-reduction agreement on the table with a 10-1 trade-off, I bet he would take it and double down.

Baum, author of "Just What I Said," is a Bloomberg View columnist.


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