The Ottumwa Courier

Local News

November 29, 2012

Decision needed in looming fiscal cliff

Loebsack: Tax cuts need to be maintained for middle class families

OTTUMWA — Southeast Iowa’s congressman said it’s middle-class families who will plummet if something isn’t done soon about the impending fiscal cliff.

U.S. Rep. Dave Loebsack, D-Iowa City, spoke to the Courier Wednesday about the upcoming “fiscal cliff” and what it will mean for southeast Iowa.

“I do believe it’s a situation created by politicians in D.C. kicking the can down the road,” Loebsack said. “It should have been dealt with already.”

The overarching term fiscal cliff refers to the expiration of the Bush-era tax cuts and payroll tax cuts and implementation of across-the-board budget cuts by the end of the year or beginning of 2013.

With the nation’s economy still struggling to recover, Loebsack said the first priority should be making sure tax cuts are maintained for middle-class families.

“That’s the bottom line as far as I’m concerned,” he said. “We need to deal with this sooner rather than later. No action will lead to taxes going up on families and that will do nothing but hurt our economy.”

That means applying political pressure, he said.

“I’m attempting to put as much pressure on leadership on both sides as I can, as well as on the president,” Loebsack said. “I’m doing everything I can here to pressure both parties to get it done sooner rather than later, by sending letters to [House] Speaker [John] Boehner, by talking to my colleagues on the floor.”

Businesses need to know what’s coming in order to plan for the future, he said, especially when considering hiring new employees.

In terms of jobs, he said Congress also needs to look at extending tax credits for wind energy production and biofuels, as well as putting a Farm Bill in place.

“You think about the average person thinking about buying Christmas gifts ... and the certainty they need,” he said. “They need to know what their taxes are going to be before Jan. 1.

“I think it’s important we have a long-term solution to our debt problems. In the short-term, we need to make sure our country doesn’t fall off the fiscal cliff come Jan. 1.”

1
Text Only
Local News
  • Eldon man gets five year prison term KEOSAUQUA — An Eldon man was sentenced to five years in prison in Van Buren District Court for his role in an October 2012 altercation in Selma, which escalated into shots being fired into the home or Randall Ritz, 11883 Bridge St., Selma. Donald E.

    July 23, 2014

  • Emergency council meeting Friday OTTUMWA — Ottumwa’s City Council will meet for a second time this week, this time to discuss an emergency problem at the city’s Water Pollution Control Facility. The special meeting will be conducted at 1 p.m. Friday in the council chambers. Earlier

    July 23, 2014

  • 0723 OTT Riverfront color photo -L -M Ideas flow at Riverfront Renaissance workshop OTTUMWA — Ideas flowed as freely as the river itself Tuesday evening as more than 100 Ottumwans shared their vision of what the riverfront can be.The Riverfront Renaissance design charrette, sponsored by the Ottumwa Regional Legacy Foundation, drew p

    July 22, 2014 1 Photo

  • Kids … not cash OTTUMWA — From a project that started with nothing, supporters created a top-notch education facility for at-risk youth. Someone in on the project from the beginning shared the story. Wapello County Supervisor Jerry Parker addressed a community advis

    July 22, 2014

  • 0723 OTT Seth Techel mugshot -T Techel jury may begin deliberations Wednesday

    DAVENPORT — The jury in the third trial of a Wapello County man accused of murdering his wife may begin deliberations as early as Wednesday in Scott County, Davenport. The jury was excused mid-afternoon Tuesday while Judge Daniel Wilson, who continue

    July 22, 2014 1 Photo

  • Staying healthy during extreme heat OTTUMWA — After unusually cool temperatures last week, it may have been easy to forget how the heat of summer feels, but an incoming heat wave will quickly remind you. According to the National Oceanic and Atmospheric Administration, heat is the No.

    July 22, 2014

  • Shooting ruled homicide OTTUMWA — The death of a man shot in Wapello County has been ruled a homicide. The Wapello County Sheriff’s Office on Monday received a 911 call of a shooting 4 miles southwest of Ottumwa. Deputies discovered Clinton Gus Leedom, 49, of Bloomfield, to

    July 22, 2014

  • 0723 OTT flood file photo Over $1 million to fight floods EDDYVILLE — It's not the way a town wants to get $1 million, but the damage suffered by Eddyville in recent floods has prompted the federal government to cut a check. Actually, it's Area 15 Regional Planning Commission, a community assistance agency

    July 22, 2014 1 Photo

  • Driver's license services temporarily suspended KEOSAUQUA — Van Buren County Treasurer’s Office has notified the Iowa Department of Transportation that it has suspended driver’s license services due to staffing issues in the county treasurer’s office. It is anticipated suspension of the services

    July 22, 2014

  • 0723 OTT Canoe Camp color photo -L -M -T Canoe Camp teaches water safety OTTUMWA — Six children at Pioneer Nature Area and Nature Center pond were making waves and getting wet as they flipped their canoes over in attempt to rescue each other. Since summertime and water activities go hand-in-hand, the goal of the activity

    July 22, 2014 1 Photo

Photo reprints


Obituaries

Facebook