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Thompson’s take

Republican Fred Thompson yesterday reported raising nearly $3.5 million in one month for his expected presidential bid, lagging behind his backers’ original $5 million goal.

The “Law & Order” actor and former U.S. senator from Tennessee filed documents with the Internal Revenue Service that provided the first glimpse of the White House hopeful’s financial situation.

Mr. Thompson spent only $625,745 of the $3.46 million he raised in June, the first month of his preliminary campaign committee, the report showed. Still, the total raised fell short of the $5 million target his backers initially set in a one-month showing for his committee “testing the waters” of a presidential bid.

Nevertheless, Mr. Thompson praised the take in a statement, saying: “The level of support and enthusiasm from people across this country is inspiring.”

Bashing taxers

Republican presidential hopeful Rudolph W. Giuliani on Monday accused Democrats of favoring a controlling “nanny government” as he continued his bashing of the rival party.

The former New York mayor, opening a two-day campaign trip in New Hampshire, also said that Democrats would raise taxes between 20 percent to 30 percent.

“Democrats are kind of falling over each other seeing who can raise taxes faster,” Mr. Giuliani said. “It looks like they’re going to raise taxes anywhere between 20 to 30 percent.John Edwards just said he’s going to raise the capital gains tax double that. Last time we did that, we lost 40 percent in revenue. The last time we did what John Edwards is discussing, the United States lost revenue by basically discouraging people from making investments.”

Last week, Mr. Giuliani called the Democrats the “party of losers” and singled out Mr. Edwards and DemocraticSen. Barack Obamafor criticism on economics and foreign policy.

Obama’s new ad

Democratic Sen. Barack Obama yesterday tried to distance himself from the city where he works, airing a new television ad in Iowa.

The ad, “Take it Back,” features the Illinois senator speaking in Springfield, Ill., when he formally announced his candidacy and vowed to take back power from special-interest groups in Washington if he’s elected president.

“They think they own this government,” Mr. Obama says in the ad. “But we’re here today to take it back.”

The ad also includes Mr. Obama delivering one of his biggest applause lines, one that confronts his biggest weakness — that’s he too inexperienced to be president after just 2½ years in the Senate.

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