Obama and Romney: Where they stand on the issues
20.05.12
A look at where Self-governing President Barack Obama and Republican presidential hopeful Mitt Romney stand on a selection of issues:
OBAMA:
Abortion and descent control: Supports abortion rights. Health care law requires contraceptives to be available for free for women enrolled in workplace vigour plans, including access to morning-after pill, which does not terminate a pregnancy but is considered tantamount to an abortion crank by some religious conservatives. Supported requiring girls 16 and under to get a prescription for the morning-after pill, available without a medicine for older women.
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Debt: A fourth-straight year of trillion-dollar deficits is projected. Federal spending is estimated at 23.5 percent of uncultured domestic product this year, up from about 20 percent in the previous administration, and is forecast to decline to 21.8 percent by 2016. Won approval to muster debt limit to avoid default. Calls for tackling the debt with a mix of spending cuts and revenue increases. Principal to Obama's plan is to let Bush-era tax cuts expire for couples making more than $250,000. That would generate more than $700 billion over 10 years. Also, would set a 30 percent tax anyway on taxpayers making more than $1 million, increasing taxes for some but not all millionaires and billionaires. That would generate about $47 billion over 10 years. Reached compact with congressional Republicans to cut $487 billion in military spending over a decade.
Source: Fox News