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800,000 jobs

Welcome to ThinkProgress’ live coverage of the final presidential debate, hosted by Lynn University, in Boca Raton, Florida.

We’ll fact-check both candidates’ claims in real time and offer a wide range of multimedia content. Tonight’s debate is moderated by Bob Schieffer, host of CBS’ Face the Nation, and will focus on foreign policy. This is the 23 (and final) debate of the 2012 election.

10:27 pm

800,000 jobs

Obama said that Romney’s plan to switch to a territorial corporate tax system would result in 800,000 jobs being created overseas. Indeed, according to one study, under such a system, “investment and profits would migrate to low-tax countries, resulting in 800,000 jobs in low-tax countries and potentially displacing U.S. jobs.”

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