Conservatives push to back Santorum as unifying candidate
GOP leaders press for a quick endorsement behind Rick Santorum after his near tie with Mitt Romney in Iowa. The move aims to prevent continued splits that could aid Romney, with meetings planned before the South Carolina primary.
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Obama aims to shrink military budget while preserving U S defense
President Obama unveiled an eight month defense strategy review at the Pentagon proposing a leaner U S military with fewer troops and potentially smaller arsenals while maintaining U S military superiority. Defense Secretary Panetta acknowledged risks but framed budget constraints as inevitable and necessary.
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Romney tax plan would cut taxes for the rich
An independent study by the Tax Policy Center finds Romney’s tax plan would raise taxes for low income families while giving large cuts to higher income groups and the middle class. It estimates 60 percent higher taxes for households under 20 000 and about 15 percent cuts for millionaires, with overall revenue losses of 180 billion in 2015. The Romney campaign disputes the estimate saying the plan boosts the economy and revenue.
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