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Vote: Who will convince voters they can correct the economy? Add to ...

<p><b>Romney: </b>Dramatically reducing the size of government, lowering taxes across the board by 20 per cent and promoting business growth that will move the United States away from a "government-centred society" toward an "opportunity society" are core principles of Mr. Romney's economic philosophy. </p><p>"Out-of-touch liberals like Barack Obama say they want a strong economy, but they really don't like businesses very much," Mr. Romney said recently. By turning the election into a referendum on Mr. Obama's handling of the economy, Mr. Romney could tap in to the deep dissatisfaction among voters and win the White House. </p><p><b>Obama: </b>Mr. Obama's vision involves a modest reduction in the size of government accompanied by a tax rise on the wealthiest Americans, or the "top 1 per cent," as he has described them. The proposed "Buffett rule," named after billionaire Warren Buffett, proposes that Americans earning more than $1-million a year pay the same tax rate as middle-class families. Right now, Mr. Buffett is said to be paying a lower rate of tax than his secretary. </p><p>An economic populist message that wealthy Americans must pay their "fair share" is another way of saying that Mr. Romney, a millionaire whose effective tax rate for the last two years was just below 15 per cent, isn't paying his fair share either. </p>

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