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Presidential candidates debate tax cuts

17 October 2012 Last updated at 03:34 BST

The second US presidential election debate between Barack Obama and Mitt Romney has ended in New York.

In a spirited exchange the two candidates debated their plans for tax cuts. Mitt Romney has pledged to reduce the tax burden on middle-income families and said high earners would not pay less tax.

His challenger, President Obama said that Republicans in congress favored giving tax cuts to the wealthiest two percent over the 98 percent of Americans.

In depth coverage of the 2012 presidential race: BBC US election special report