Journal Express, Knoxville, IA

Local News

October 17, 2012

Archer, Loebsack debate in Newton

(Continued)

Newton —

"Those trade agreements create thousands of jobs," Archer said. 

"The problem is fair trade," Loebsack said. He believes the agreements will send jobs overseas because trade partners may not compete fairly. Loebsack specifically mentioned China, whom he believes is manipulating its currency to gain an advantage. 

"If we're going to play by the rules, we have to make sure our trading partners do as well," Loebsack said. 

A second commercial was played, this one was pro-Archer. In it, Loebsack is portrayed as someone "sleeping" on the job and accuses Loebsack of cutting $716 billion from Medicare, through his vote for the "Affordable" Care Act.

"There are no cuts to Medicare," Loebsack said. "John supports the Ryan Plan." Loebsack went on to say that the Ryan Plan, written by Vice Presidential Nominee Paul Ryan, would take money out of Medicare and not replace it. 

Loebsack insisted that he is not tired, and that the only thing tired in this campaign is commercials like the one played. 

The candidates were asked about tax increases. Current tax rates are set to expire at the end of the year. Increases will hit all levels of wage earners unless Congress takes action.

"Now is not the time to raise taxes," Archer said. He blamed Congress for doing nothing and creating uncertainty in the business world, which has led to economic problems. Archer believes businesses want to hire, but are afraid to because they don't know what their costs will be in the future. 

"I have my own bill," Loebsack said. His bill would extend tax rates for the middle class for one year, but return to Clinton-era tax rates for those making $250,000 and above. Small business owners and famers would be exempt from the tax hike even if they make more than $250,000. 

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