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| US President Barack Obama [Photo:Reuters] |
President Barack Obama called on Monday for a one-year extension of Bush-era tax cuts for families earning less than $250,000 a year, seeking to steer the election-year debate away from high unemployment and portray himself as a champion of ordinary Americans.
The tax proposal is unlikely to sway Obama's Republican opponents in Congress, who argue that the cuts should be maintained for everyone, including higher earners.
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