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GOP presidential candidates’ final 2015 debate tonight
Terror likely to be the top topic, but just in case, here is some tax background

December 15, 2015

Christmas is 10 days away, but political junkies (and "reality" TV fans) are getting a big present tonight. The Republicans hoping to be their party's presidential nominee next year square off tonight in Las Vegas.

GOP presidential debate 121515 CNN Las VegasSource: CNN

Nine candidates will participate on the main debate stage in the primetime debate: businessman Donald Trump, former neurosurgeon Ben Carson, Florida Sen. Marco Rubio, Texas Sen. Ted Cruz, former Florida Gov. Jeb Bush, former Hewlett-Packard CEO Carly Fiorina, Ohio Gov. John Kasich, New Jersey Gov. Chris Christie and Kentucky Sen. Rand Paul.

National poll leader Trump takes center stage, literally as well as rhetorically. Carson will be to his right, with Cruz positioned to his left, probably the first time that direction and political position has been used in connection with the Lone Star State lawmaker.

One of the reasons Trump is surging in the polls — one survey shows him with a 41 percent approval rating among likely Republican voters — is his tough (and racist and unconstitutional) talk following the San Bernardino terrorist attack.

So tonight's big question is which of his rivals will go after Trump and how aggressively? Will The Donald and Cruz, heretofore campaign trail buddies, finally have at it now that Texas' junior senator has taken the lead in Iowa?

Terror, not taxes, top topic: The issues raised, albeit less than elegantly by Trump, also mean that national security, not domestic policy, will probably dominate tonight's event from The Venetian hotel. (As a totally nonpolitical/nontax aside, there's an Illy café with wonderful gelato where The Venetian and The Palazzo hotels meet.)

If, however, a bit of tax talk happens to find its way into the debate, you can do a little prep work by checking out checking out the various candidates' tax plans.

The excerpts below highlight Trump's, Cruz's and Carson's tax plans. They are from MBA Central's Presidential Candidates' Tax Proposal Guide infographic.

Donald Trump tax plan excerpt

Ted Cruz Ben Carson tax plans excerpt

Check out the full visual tax guide for more on the other GOP candidates' tax plans, as well as the proposals from the three Democratic contenders.

You also can read more about the Republican candidates' tax plans at The Wall Street Journal and Vox. The Tax Foundation has info on the GOP hopefuls and the Democratic candidates, too.

More holiday wrapped debates: Finally, there's tonight's stocking stuffer — the undercard debate.

It will feature former Arkansas Gov. Mike Huckabee, former Pennsylvania Sen. Rick Santorum, South Carolina Sen. Lindsey Graham, and former New York Gov. George Pataki.

CNN will televise both events.

Questions will be posed by CNN Lead Political Anchor Wolf Blitzer, CNN Chief Political Correspondent Dana Bash and Salem Radio Network talk show host Hugh Hewitt.

And just to make sure that you have enough political gifts under your tree, mark your calendar for Saturday, Dec. 19. That night the three Democratic candidates — Hillary Clinton, Bernie Sanders and Martin O'Malley — will debate in Manchester, New Hampshire.

You also might find these items of interest: 

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The More Tax Posts tab at the top of this page will take you to, well, more tax posts. You also can search below for a tax topic. 

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TAX-SAVVY WAYS 
TO WRAP UP 2026

It’s over! With October’s extended filing deadline behind us, it is now time to focus on year-end moves to reduce your 2026 tax bill. 

You’ll find ways to do just that on the Tax Tips page (see the More Tax Posts drop-down menu at the top of the blog), as well as the separate tax tip pages for each month, notably October through December. If you’re on the Tax Tips page, you’ll find a monthly list at the end of this column. If you’re on another blog page, you can head straight to the October tips; at the bottom of that tips page you’ll find links to all the other 11 months’ collections of tax advice.

Not to spoil what you’ll find in that tax advice, but it does cover such things as tax deductions for charitable donations, investment moves that could reduce tax due, and ways to max out your tax-favored retirement savings. 

Finally, as the year winds down, things get hectic. There are lots of other things to occupy our time, like the much more fun upcoming holidays. But don’t lose sight of taxes, since timing is key. To be of use, most tax moves must be made by the end of the tax year. That’s Thursday, Dec. 31, which also is the last business day of the year. 

So that you don’t miss that final tax year deadline, also keep an eye on the countdown clock below. It will keep you on top of just how much time is left to make important, tax-saving moves. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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