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.”

Text Only
Local News
  • 0422 Eagle photo On a wing and a prayer

    LAKE RED ROCK — Protective gloves aren’t uncommon when dealing with a sick patient, though they’re not usually heavy, leather welder’s gloves. But, then, the patient usually doesn’t have toenails designed to puncture flesh. Or a sharp beak. Diane Mas

    April 19, 2014 1 Photo

  • 0420 OTT Gothic house easter web-color photo American Gothic House celebrates Easter weekend Kids participate in an egg roll competition Saturday on the American Gothic House lawn in Eldon. Families were invited to come and participate in Easter-themed events and make crafts. They also had the opportunity to dress up and pose in front of the

    April 19, 2014 1 Photo

  • 0422 OTT Egg hunt color photo -L On a roll this Easter ELDON — If you pulled up to the American Gothic House Center Saturday afternoon at moments before 1 p.m., you probably had to park halfway down the road. Cars filled the parking lot and spilled out onto the street as parents and kids from all over so

    April 19, 2014 1 Photo

  • Ups and downs OTTUMWA — Iowa's governor and his lieutenant seemed thrilled with part of the employment news Friday. Gov. Terry Branstad's Twitter page said: "BREAKING: Iowa's employment reaches all-time high of 1,615,200." Iowa Workforce Development confirms the n

    April 18, 2014

  • Those who came before OTTUMWA — There is so much information on researching genealogy, beginners may not know where to start. But experts and knowledgeable amateurs will offer help as they gather for a free Family History Fair to share which websites are worthwhile and wh

    April 18, 2014

  • 0419 OTT Tree planting color photo -T -M -L Young Ottumwans show their green thumbs OTTUMWA — Several of Ottumwa’s cemeteries and parks were recipients of new trees this week as Ottumwa High School students and Eagle Scouts dedicated their time to planting dozens of trees around the city. Students from the OHS JROTC class were at Ot

    April 18, 2014 4 Photos

  • 0419 OTT Prayer Walk 2 bw photo -L -M -T On a journey OTTUMWA — The seven blocks through the center of Ottumwa took more than an hour and a half to walk as 25 people prayed and read Scripture to reflect on the events of Good Friday. Led by the Ottumwa Area Fellowship of Pastors, the walk began at First

    April 18, 2014 3 Photos

  • 0419 OTT drought map -L -T -M Drought weakens grip on Iowa OTTUMWA — Last weekend saw the first significant rains in quite some time for the Ottumwa area. How long? The last day with at least a half-inch of rain was back on Nov. 20. It was a welcome rain, arriving after the ground had thawed. That allowed at

    April 18, 2014 1 Photo

  • Eugene Clark STOCKPORT — Eugene Morris Clark, 90, of Stockport, died at 5:30 p.m. April 17, 2014, at Good Samaritan Health and Rehabilitation Center, Ottumwa. Graveside services will be at 11 a.m. Monday in Spencer Cemetery northeast of Stockport; Pastor Richard

    April 18, 2014

  • Civil War Round Table visited by baseball historian OTTUMWA — The Civil War Round Table was treated to a special guest Thursday night and a presentation about how baseball during the Civil War era helped shape Iowa as we know it. John Liepa, former history and political science professor at Des Moines

    April 18, 2014

Photo reprints