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Top 10 tax moments in VP debate

October 14, 2012

The head-to-head match-up last week of Vice President Joe Biden and Republican nominee Rep. Paul "Call me Mister" Ryan marked the halfway point of the 2012 campaign debates.


Joe Biden and Paul Ryan vice presidential debate 10-11-12

It also gave the number two guys on their respective tickets a chance to talk taxes.

Or rather, as Citizens for Tax Justice (CTJ) put it, have a spirited discussion over their competing visions for tax policy.


Top 10 tax moments in Biden-Ryan debate 10-11-12CTJ, whose analyses were mentioned frequently by Biden, kept track of the tax encounters and came up with the veep debate's tax top 10.

That number also is this week's By the Numbers figure.

In CTJ's estimation they were:

  1. Biden Highlights the Regressiveness of Extending All the Bush Tax Cuts
  2. Ryan Promises the Mathematically Impossible
  3. Biden Calls Ryan Out for Taking Capital Gains Tax Breaks Off the Table
  4. Ryan and Biden Dispute the Definition of Small Businesses
  5. Biden Takes on Romney and Ryan's Commitment to Grover Norquist
  6. Ryan Misrepresents History of 1986 Tax Reform
  7. Biden Revives Romney's 47 percent Remark
  8. Ryan Claims Obamacare Includes 12 Middle Class Tax Hikes
  9. Biden Stumbles on Primary Cause of Great Recession
  10. Ryan Wrong on How Much Revenue Could Be Raised by Taxes on the Rich

Check out the CTJ's article for elaboration on each of the 10 tax moments in the Biden-Ryan debate.

If you want to rewatch the VP debate, 2012 Election Central has the video. Or if you prefer, you can peruse the transcript at your leisure.

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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