Loebsack, Archer spar in televised debate

DMACC-Newton hosted event broadcast live on IPTV

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John Archer, the Republican candidate in the 2nd Congressional District of Iowa, responds to question from moderator Dean Borg, host of Iowa Public Television's Iowa Press program, while Rep. Dave Loebsack (D-IA, 2nd District) looks on during an IPTV debate at the Des Moines Area Community College campus in Newton on Tuesday, Oct. 16. The debate, lasting 60 minutes, touched upon national issues of job creation and foreign affairs as well as addressing issues more proximate to Iowans, including farm bill policy. (Nicole Wiegand/ Daily News)

Archer called the ad “mostly false,” but acknowledged he does have investments through his retirement fund that are tied to foreign companies. He said most people with retirement funds, such as 401(k)’s, are similarly tied to foreign investments.

“So with regard to that, I’m guilty as charged,” he said. “But to attack my employment with John Deere is just the same old shenanigans we’ve been seeing. I’m proud of my work for John Deere.”

“What were you thinking by attacking John Deere in that ad?” Henderson asked Loebsack.

The congressman said the ad wasn’t about John Deere, but about Archer’s positions on free trade. He said he was against trade agreements that ship jobs overseas or give incentives to do so.

Archer said the free trade agreements most recently adopted by Congress were heavily supported by both Secretary of Agriculture Tom Vilsack, a former Governor of Iowa, and the United Auto Workers trade union.

“These agreements will bring thousands of manufacturing jobs, and Congressman Loebsack voted against them — against the support of folks within his own party,” he added.

Loebsack countered, saying the free trade agreements aren’t fair, and that the U.S. should do more to hold its trading partners’ feet to fire to ensure fairness. He pointed to Chinese currency tampering as one example.

The panel also briefly reviewed an ad released by a political action committee in support of Archer that accused Loebsack of sleeping through congressional meetings. Loebsack denied the allegations, noting he attended more than 400 meetings last year.

Henderson then asked the candidates for their positions on tax cuts. Archer said he would vote to renew the “Bush tax cuts” in order to provide some certainty for employers and investors.

Loebsack pointed to a bill he has offered in Congress, HR 6262, which would extend the tax cuts for one year for the middle class, but would restore higher tax brackets to the higher “Clinton-era levels” while exempting farmers and small business owners. According to the House website, the bill has only three co-sponsors signed on.

“That’s just kicking the can down the road again,” Archer said. “We need a five-year Farm Bill, a six-year transportation bill. These one-year extensions must come to an end to provide more certainty so investors and employers can start investing in more job creation.”

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