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State Sen. Stephen Newman (left), Lynchburg Republican, shares a laugh with Lt. Gov. Bill Bolling during the Senate session. Mr. Newman’s amendment to replace a retail sales tax increase with a 5.5 percent wholesale tax on gasoline failed. (Associated Press)

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President Obama speaks in the James Brady Press Briefing Room of the White House on Feb. 5, 2013. The president asked Congress to come up with tens of billions of dollars in short-term spending cuts and tax revenue to put off the automatic across the board cuts that are scheduled to kick in March 1. (Associated Press)

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President Obama pauses while speaking in the James Brady Press Briefing Room of the White House in Washington on Feb. 5, 2013. The president will ask Congress to come up with tens of billions of dollars in short-term spending cuts and tax revenue to put off the automatic across the board cuts that are scheduled to kick in March 1. (Associated Press)

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Michael Dell, chairman and CEO of Dell Inc., reacts to a question during a press conference in Beijing in 2009. (AP Photo/Alexander F. Yuan)

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Ohio Gov. John Kasich presents the fiscal year 2014-15 executive budget proposal during a news conference Monday, Feb. 4, 2013, in Columbus, Ohio. (AP Photo/Jay LaPrete)

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** FILE ** Rep. Sam Graves, Missouri Republican and chairman of the Small Business Committee. (Associated Press)

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** FILE ** Armed Nigerian civil defense corps officials secure the area following an explosion at a gasoline pipeline at Arepo, in Ogun, Nigeria, on Thursday, Jan. 24, 2013. The gasoline pipeline runs through southwest Nigeria, and the attack is being seen as a worrying expansion to the unchecked thefts which have become an incredibly lucrative business for criminal gangs hitting the country's petroleum-based economy. (AP Photo/Sunday Alamba)