• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Elon Musk, the world’s richest man, says he’s living in an Airstream trailer to oversee xAI’s biggest expansion yet

2

Trump’s tariffs slashed jobs and wage growth. Now companies are funneling $100 billion in refunds to supplement workers’ retirement

3

Walmart heirs Olivia and Tom Walton are committing $100 million to America's maternal death crisis—and betting states and donors will pour in more

1

Elon Musk, the world’s richest man, says he’s living in an Airstream trailer to oversee xAI’s biggest expansion yet

2

Trump’s tariffs slashed jobs and wage growth. Now companies are funneling $100 billion in refunds to supplement workers’ retirement

3

Walmart heirs Olivia and Tom Walton are committing $100 million to America's maternal death crisis—and betting states and donors will pour in more
FinanceEmployment

GOP candidates avoided the economy and jobs at last night’s debate

By
Dan Primack
Dan Primack
Down Arrow Button Icon
By
Dan Primack
Dan Primack
Down Arrow Button Icon
September 17, 2015, 10:51 AM ET
Google source logo
Add Fortune on Google for similar content.

I watched all three hours of last night’s Republican Party presidential debate, under the assumption that there would be lots of talk about jobs and the economy. Silly me.

Per the transcript, the term “interest rates” never came up, despite today’s pending Fed action. The word “jobs” was only spoken 26 times by the candidates, and one of those was when Carly Fiorina name-dropped Steve Jobs. Perhaps even more remarkable for a Republican debate, the phrase “small business” was uttered just once (by Scott Walker).

Even the word “economy” was only said 10 times by the candidates, four of which were when Marco Rubio and Chris Christie discussed “destroying” the economy by legislatively addressing climate change.

To be sure, a lot of the blame for this paucity of economic talk was on CNN’s moderation, but few of the candidates seemed eager to discuss such issues.

At least there was some discussion over how to tax hedge fund and private equity fund managers, in terms of the share of profits they receive from investing other people’s money (i.e., carried interest).

Donald Trump reaffirmed his support of reclassifying carried interest as ordinary income (it’s currently taxed at lower capital gains rates), which is something Jeb Bush also included in his recently-published tax plan. When asked if he also agreed with the change, John Kasich said: “I don’t at this point in terms of changing the incentives for investment and risk-taking.”

The carried interest tax question also was asked directly of both Rand Paul and Mike Huckabee, but they side-stepped it by instead endorsing a flat tax and fair tax, respectively.

CNN did not ask Bush about his far more wide-reaching plan to remove the deduction for borrowing costs (i.e., debt interest payments), which would affect everyone from leveraged buyout titans to small business owners taking out things like equipment loans. On that last point, I reached out yesterday to a Bush spokesperson to see if he planned any exceptions or minimum thresholds to his deduction elimination, but I never heard back.

About the Author
By Dan Primack
See full bioRight Arrow Button Icon

Latest in Finance


Most Popular

Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

    Latest in Finance


    Most Popular

    © 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
    FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.