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>> i gave you a simple answer. he's raising the cost of medicare. >> okay. on to taxes. if your ticket is elected, who will pay more in taxes, who will pay less? we're starting with vice president biden for two minutes. >> the middle class will pay less and people making $1 million and more will begin to contribute slightly more. let me give you one concrete example. the continuation of the bush tax cuts. we're arguing that the bush tax cuts for the wealthy should be allowed to expire. of the bush tax cuts for the wealthy, $800 billion of that goes to people making a minimum of $1 million. we ...

Basket of deductions. that means you have to decide whether or not it's going to be your home mortgage or whatever other charitable deductions or some combination, but it's capped at 17%. that's where you pay for it. whatever it is, i'm surprised ryan didn't mention it when he had the opportunity. >> the problem is with that is the numbers still don't add up. >> well, to drop it to 10%. cap deductions and bring it down and whatever works, it works, or you'd bring down the tax deduction. >> let's take a look at some of the interactions. the two candidates sparred on the question of who really h...

They were following pa that states here. the idea there's an explain this chief can do it for now. if hi doesn't do it himself. he could look weeker. >> i know our client has talked about this. obama care, we are owning these message a and i think that ispy peace river at point. now the president has to personify that more instead of running way. >> the most concrete example ol' f that, boy uld say. i thought this was surprising. if you went back and said four years from now when the presidentst s at the convention what would figure more in. t the recoveringry act or the bail joutd?

Differences. you know, just to give you one concrete example, all the teachers here, i'm certain, have a cell phone which they answer at night if the parents have a question about their kids' homework. you know, we talk about getting the parents involved. well, if you have a union contract that says they don't have to, and in fact, can't answer parent inquiries at night, that's not a good way to get the parents involved. >> i'm about a third the way through the book. i've recommended -- as you said, i was struck by the numbers. the 28 students versus 1,600 slots. 1 out of every 55 get in. how ...

Million jobs." now they are adding jobs in the industry because we stepped up to save them despite the fact that it took heat at the time. that's the kind of concrete example the administration needs to point to because it's so difficult to make the case for your economic policies when our growth is slow and unemployment is almost 10% still. >> mm-hmm. consumers are not spending as well. add that to the equation. the president says we are headed in the right direction. do you agree? >> reporter: well, sure. we're headed in the right direction. it's just very slowly. it's positive that the econ...