President Barack Obama
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Obama: 'No bail outs, no hand outs, no cop outs'

President Barack Obama has called for a fairer tax system in his annual State of the Union address, with the wealthiest Americans paying a bigger share.

He said his aim was ''no bail outs, no hand outs, and no cop outs''.

The policy is opposed by most Republicans, and looks set to be a major campaign issue in the months ahead.

The BBC's Mark Mardell reports.

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