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Monster tornado devastates Oklahoma City area; at least 51 dead
FLINT, Mich., June 17 (UPI) -- Sen. Barack Obama, D-Ill., has indicated that he would finesse U.S. tax policy so that it better protects working-class Americans in the global economy.
The Wall Street Journal said Tuesday that while the presumptive Democratic presidential nominee was agreeable to trimming business taxes in general, he also wanted to close a number of loopholes used by corporations while aiming individual relief at lower-income tax brackets.
Obama said after an appearance in Michigan Monday night he believed current economic policy was geared toward benefiting upper-income individuals and that the government needed to assist workers whose position has been weakened by "globalization and technology and automation."
Another linchpin of Obama's economic platform, the Journal said, is a tax on greenhouse gas emissions that would fund massive investments in alternative energy research.
Presumptive Republican presidential nominee John McCain's camp dismissed the plans as lacking details and showing "no faith in private markets."
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MOORE, Okla., May 21 (UPI) --
The National Weather Service Tuesday upgraded the tornado that ripped through Moore, Okla., to an EF-5 as Gov. Mary Fallin pledged, "We will get through this."
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NAPLES, Fla., May 21 (UPI) --
The 44-year-old daughter of broadcast journalist Barbara Walters has been arrested for allegedly driving under the influence of alcohol, Florida police said.
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MUSCAT, Oman, May 21 (UPI) --
The Persian Gulf sultanate of Oman is set to buy a $2.1 billion missile system built by the U.S. Raytheon Co. as part of a U.S. drive to install a coordinated air-defense system linking the region's Arab monarchies to counter Iran.
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ORLANDO, Fla., May 21 (UPI) --
Police in Florida said a man whose bank robbery attempt failed allegedly went across the street and robbed a drugstore instead.
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