This paragraph from the Wall Street Journal does a fine job explaining a defining difference between Republican and Democrats:
In stark contrast to Barack Obama, Mr. McCain believes that tax policy should be used to foster the creation of jobs and higher wages through economic growth, rather than to redistribute incomes. The economy is not a zero-sum game in which some people can enjoy higher incomes only if others are made worse off.
One party's platform proposes policies that will grow the economic pie, thus making all pieces bigger at the same time. The other proposes cutting the pieces of the pie in a more equal fashion, making some pieces bigger at the expense of others.
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