Barack Obama vote a mandate for tax hike on rich?

OBAMA WINS

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OBAMA WINS

President Barack Obama's victory positions him to claim a mandate for pushing a proposal through Congress that would let tax cuts expire for top earners and avert $1.2 trillion in automatic spending reductions.

Obama now must decide how to contend with opposition from congressional Republicans who demand a tax-cut extension for all income levels.

Obama defeated Republican Mitt Romney...

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