10 things you need to know today: July 5, 2012

Romney calls the ObamaCare mandate a tax, Mexico holds an election recount, and more in our roundup of the stories that are making news and driving opinion

Mitt Romney now says he agrees with the Supreme Court's decision that the individual mandate outlined under the President Obama's Affordable Care Act, does in fact amount to a tax.
(Image credit: REUTERS/Benjamin Myers)

1. ROMNEY MAKES U-TURN ON HEALTH MANDATE AS TAX

In an interview with CBS News on Wednesday, Mitt Romney declared President Obama's health mandate a tax, saying "the Supreme Court is the highest court in the nation, and it said that it's a tax, so it's a tax." The comment has drawn criticism given that Romney's chief spokesman and senior strategist said earlier in the week that Romney did not think that the mandate should be considered a tax. His new stance also more closely aligns him with the dominant Republican viewpoint on health care. It could open him up to further criticism in the run-up to November, given that as governor of Massachusetts Romney oversaw a health care plan that required nearly every resident to get health insurance or pay a penalty. [New York Times]

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