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WASHINGTON (AP) — President Barack Obama is launching a tough new tax-equality pitch in a TV ad asserting that Republican rival Mitt Romney’s economic proposals would mean cuts for the wealthiest Americans and higher bills for everyone else. Romney hit back with a new spot timed to Obama’s appearance Thursday in Florida and calling the president a “disappointment” for a statewide economic picture that has not improved under his watch.

The latest offensives come as Obama and Romney take their respective campaigns to three of the most contested states: Florida, Colorado and Virginia. It also comes as a bitterly divided Congress pushes toward summer vacation with votes that center on front-burner issues like taxes and spending, but which are mostly symbolic place-holders for November.

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