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November 4, 2012

Young looks to hold onto 9th District seat against Yoder

U.S. House race focuses on economy, social programs

(Continued)

> SOUTHERN INDIANA — The economy

In her 10-point jobs plan, Yoder proposes turning the 9th District into a leader in clean and green technology, increasing funds to re-train unemployed workers and to bring together business leaders to create a regional job creation strategy.

She said she would push for more support for university and private research that could lead to more well-paying jobs. Private funding isn’t always enough to back such initiatives, Yoder said, as she added the government needs to play a role in developing technology for manufacturing and industry.

“Who’s going to make sure that we’re on the cutting edge of research,” she asked.

Indiana needs good infrastructure, strong educational facilities and a skilled work force to lure more manufacturers into the state, Yoder said.

One way for the government to afford more funding for research is to end the Bush-era tax cuts for people earning $250,000 or more annually, she said.

Ending the tax cuts to boost the economy and middle class is an idea that divides Young and Yoder. He said even Obama has over the past two years encouraged congress not to raise taxes when the economy is down, which Young added is still the case.

Eighty percent of small businesses in America file under the individual tax status, which means they are susceptible to an increase in levies for those earning more than $250,000 a year, Young said.

He proposes simplifying the tax code while tightening loop holes and “tax shelters.” 

The country also must address its deficit if the economy is to ever truly rebound to pre-recession levels, Young said.

“In recent years, I think Washington has gotten in the way by creating more uncertainty in the economy,” he said. “We need to come up with a detail specific and workable plan to ultimately reduce the size of the annual deficits that we’re running then pay off our debt.”

Yoder is also calling for an end to tax breaks for companies that ship jobs overseas, and for protection of student loans and grant programs.

She recently criticized Young for his vote to reduce the number of Pell Grants offered to pre-stimulus levels.

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