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Obama and Romney: Where they stand on the issues

A look at where Democratic President Barack Obama and Republican presidential rival Mitt Romney stand on a selection of issues, in brief:

ABORTION and BIRTH CONTROL:

Obama: Supports abortion rights. Health care law requires contraceptives to be available for free for women enrolled in workplace health plans.

Romney: Opposes abortion rights. Previously supported them. Says state law should guide abortion rights, and Roe v. Wade should be reversed by a future Supreme Court ruling. Said he would end federal aid to Planned Parenthood.

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DEBT:

Obama: Fourth-straight year of trillion-dollar deficits is projected. Won approval to raise debt limit to avoid default. Calls for tackling the debt with a mix of spending cuts and revenue increases. Central to Obama's plan is to let Bush-era tax cuts expire for couples making more than $250,000

Romney: Defended 2008 bailout of financial institutions as a necessary step to avoid the system's collapse, opposed the auto bailout. Would cap federal spending at 20 percent of gross domestic product by end of first term, down from 23.5 percent now, with largely unspecified spending cuts. Favors constitutional balanced budget amendment.

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ECONOMY:

Obama: Term marked by high unemployment, a deep recession that began in previous administration and gradual recovery. Responded to recession with a roughly $800 billion stimulus plan. Continued implementation of Wall Street and auto industry bailouts begun under George W. Bush. Proposes tax breaks for U.S. manufacturers producing domestically or repatriating jobs from abroad, and tax penalties for U.S. companies outsourcing jobs.

Romney: Lower taxes, less regulation, balanced budget, more trade deals to spur growth. Replace jobless benefits with unemployment savings accounts. Proposes repeal of the law toughening financial-industry regulations after the meltdown in that sector, and the law tightening accounting regulations in response to corporate scandals.

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EDUCATION:

Obama: Has approved waivers freeing states from the most onerous requirements of the Bush-era No Child Left Behind law. "Race to the Top" competition has rewarded winning states with billions of dollars for pursuing education policies Obama supports.

Romney: Supported the federal accountability standards of No Child Left Behind law. Has said the student testing, charter-school incentives and teacher evaluation standards of Obama's "Race to the Top" competition "make sense" although the federal government should have less control of education.

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ENERGY and ENVIRONMENT:

Obama: Ordered temporary moratorium on deep-water drilling after the massive BP oil spill in the Gulf of Mexico but has pushed for more oil and gas drilling overall. Achieved historic increases in fuel economy standards that will save money at the pump while raising the cost of new vehicles. Achieved first-ever regulations on heat-trapping gases blamed for global warming and on toxic mercury pollution from power plants. Spent heavily on green energy and has embraced nuclear power as a clean source. Failed to persuade a Democratic Congress to pass limits he promised on carbon emissions.

Romney: Supports opening the Atlantic and Pacific outer continental shelves to drilling, as well as Western lands, the Arctic National Wildlife Refuge and offshore Alaska. Wants to reduce obstacles to coal, natural gas and nuclear energy development, and accelerate drilling permits in areas where exploration has already been approved for developers with good safety records. Says green power has yet to become viable and the causes of climate change are unknown.

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FOREIGN POLICY:

Obama: Opposes near-term military strike on Iran but holds that option open if it proves the only way to stop Iran from getting nuclear weapons. Declined to repeat the Libya air power commitment for Syrian opposition, instead seeks international pressure against Syrian government. Chastised Israel for continuing to build housing settlements in disputed areas and pressed both sides to begin a new round of peace talks based on the land borders established after the 1967 Arab-Israeli conflict. Signed law to expand to expand military and civilian cooperation with Israel. Sought penalties against China for unfair trade but opposes branding China a currency manipulator.

Romney: Appears to present a clearer U.S. military threat to Iran and has spoken in more permissive terms about Israel's right to act against Iran's nuclear facilities, without explicitly approving of such a step. "Of course you take military action" if sanctions and internal opposition fail to dissuade Tehran from making a nuclear weapon, he has said. Has spoken in favor of covert action by the U.S. and regional allies in Syria but "the right course is not military" intervention by the U.S. Associates himself more closely with hardline Israeli Prime Minister Benjamin Netanyahu, pledges more military assistance to Israel and agreed with Israel's position that Jerusalem is the capital, disregarding the Palestinians' claim to the eastern sector. Branded Russia the "No. 1 geopolitical foe" of the U.S. and threatened to label China a currency manipulator in a move that could lead to broad trade sanctions.

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GAY RIGHTS:

Obama: Supports legal recognition of same-sex marriage, a matter decided by states. Opposed that recognition in 2008 presidential campaign, and in 2004 Senate campaign, while supporting the extension of legal rights and benefits to same-sex couples in civil unions. Achieved repeal of the military ban on openly gay members. Has not achieved repeal of the Defense of Marriage Act, which denies federal recognition of same-sex marriages and affirms the right of states to refuse to recognize such marriages. Administration has ceased defending the law in court but it remains on the books.

Romney: Opposes legal recognition of same-sex marriage and says it should be banned with a constitutional amendment, not left to states. "Marriage is not an activity that goes on within the walls of a state." Also opposes civil unions "if they are identical to marriage other than by name," but says states should be left to decide what rights and benefits should be allowed under those unions. Says certain domestic partnership benefits — largely unspecified — as well as hospital visitation rights are appropriate but "others are not." Says he would not seek to restore the ban on openly gay military members.

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GUNS:

Obama: Has not pushed for stricter gun laws as president. Signed laws letting people carry concealed weapons in national parks and in checked bags on Amtrak trains. Favors "robust steps, within existing law" to address gun issues, White House says. Voices support for renewed ban on assault-type weapons but has not tried to get that done. Previously backed stronger gun controls.

Romney: Opposes stricter gun control laws. Suggested after the Colorado theater shooting that he favors tougher enforcement of existing gun laws. As Massachusetts governor, vowed in 2002 to protect the state's "tough gun laws," and in 2004 signed a Massachusetts ban on assault weapons.

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HEALTH CARE:

Obama: Achieved landmark overhaul putting U.S. on path to universal coverage now that Supreme Court has upheld the law's mandate for almost everyone to obtain insurance. Under the law, insurers will be banned from denying coverage to people with pre-existing illness, tax credits will subsidize premiums, people without work-based insurance will have access to new markets, small business gets help for offering insurance and Medicaid will expand.

Romney: Promises to work for repeal of the law modeled largely after his universal health care achievement in Massachusetts because he says states, not Washington, should drive policy on the uninsured. Proposes to guarantee that people who are "continuously covered" for a certain period be protected against losing insurance if they get sick, leave their job and need another policy. Would expand individual tax-advantaged medical savings accounts and let savings be used for insurance premiums as well as personal medical costs.

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IMMIGRATION:

Obama: Issued directive in June that immigrants brought illegally to the United States as children be exempted from deportation and granted work permits if they apply. Took the temporary step after failing to deliver on promised immigration overhaul, with the defeat of legislation that would have created a path to citizenship for young illegal immigrants enrolled in college or enlisted in the armed forces. Says he is still committed to it. Government has deported a record number of illegal immigrants under Obama.

Romney: Favors U.S.-Mexico border fence, opposes education benefits to illegal immigrants. Opposes offering legal status to illegal immigrants who attend college, but would do so for those who serve in the armed forces. Establish an immigration-status verification system for employers and punish them if they hire non-citizens who do not prove their legal status. Would end immigration caps for spouses and minor children of legal immigrants.

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SOCIAL SECURITY:

Obama: Has not proposed a comprehensive plan to address Social Security's long-term financial problems. In 2011, proposed a new measure of inflation that would reduce annual increases in Social Security benefits. The proposal would reduce the long-term financing shortfall by about 25 percent, according to the Social Security actuaries.

Romney: Protect the status quo for people 55 and over but, for the next generation of retirees, raise the retirement age for full benefits by one or two years and reduce inflation increases in benefits for wealthier recipients.

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TAXES:

Obama: Wants to raise taxes on the wealthy and ensure they pay 30 percent of their income at minimum. Supports extending Bush-era tax cuts for everyone making under $200,000, or $250,000 for couples. But in 2010, agreed to a two-year extension of the lower rates for all. Wants to let the top two tax rates go back up 3 to 4 percentage points to 39.6 percent and 36 percent, and raise rates on capital gains and dividends for the wealthy. Health care law provides for tax on highest-value health insurance plans. Together with Congress, built a first-term record of significant tax cuts, some temporary.

Romney: Keep Bush-era tax cuts for all incomes and drop all tax rates further, by 20 percent, bringing the top rate, for example, down to 28 percent from 35 percent and the lowest rate to 8 percent instead of 10 percent. Curtail deductions, credits and exemptions for the wealthiest. End Alternative Minimum Tax for individuals, eliminate capital gains tax for families making below $200,000 and cut corporate tax to 25 percent from 35 percent. Does not specify which tax breaks or programs he would curtail to help cover costs.

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TERRORISM:

Obama: Approved the raid that found and killed Osama bin Laden, set policy that U.S. would no longer use harsh interrogation techniques, a practice that had essentially ended later in George W. Bush's presidency. Largely carried forward Bush's key anti-terrorism policies, including detention of suspects at Guantanamo Bay despite promise to close the prison. Expanded use of unmanned drone strikes against terrorist targets in Pakistan and Yemen.

Romney: No constitutional rights for foreign terrorism suspects. In 2007, refused to rule out use of waterboarding to interrogate terrorist suspects. In 2011, his campaign said he does not consider waterboarding to be torture.

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WAR:

Obama: Ended the Iraq war, increased U.S. troop presence in Afghanistan then began drawing down the force with a plan to have all out by the end of 2014. Approved U.S. air power in NATO-led campaign that helped Libyan opposition topple government. Major cuts coming in the size of the Army and Marine Corps as part of agreement with congressional Republicans to cut $487 billion in military spending over a decade.

Romney: Endorses 2014 end to U.S. combat in Afghanistan, subject to conditions at the time. Would increase strength of armed forces, including number of troops and warships, adding almost $100 billion to the Pentagon budget in 2016.

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Associated Press writers Ben Feller, Matt Apuzzo, Ricardo Alonso-Zaldivar, Stephen Ohlemacher, Alan Fram, Dina Cappiello, Ken Thomas, Jim Kuhnhenn and Christopher S. Rugaber contributed to this report.

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