Candidate outlines ideas
United States Senate candidate Mark Jacobs outlined his ideas for a reduced federal role in the economy and the education system during a Fort Dodge campaign stop Wednesday afternoon.
The Republican from West Des Moines called for an independent cost-benefit analysis of all federal regulations.
He added that the federal government should stay out of kindergarten-through-12th-grade education, but provide help to people seeking to improve their job skills.
Jacobs spoke to about 15 people at Central Perk and Dessert, 14 S. 14th St.
“My view is that the federal government doesn’t create jobs, contrary to what President Obama and Congressman Braley think, but the federal government does create an environment in which growth in the private sector is either easier or more difficult,” he said, referring to U.S. Rep. Bruce Braley, the Waterloo Democrat who is unopposed for his party’s Senate nomination.
“I don’t think there’s any question in my mind that the Obama administration, every step along the way, has made it more difficult for the private sector to grow,” he added.
The candidate said the Congressional Budget Office conducts a nonpartisan review of the costs of legislation. He said a similar review should be required for regulations proposed by entities like the Environmental Protection Agency.
He did not call for an end to all regulations.
“Don’t get me wrong, we need good regulations,” Jacobs said. “It’s an important part of any market structure today.”
The candidate said he believes there is now too much concentration in the banking industry, and added that it was a mistake to repeal a Depression-era banking law called the Glass-Steagell Act. He said there was a financial crisis within a decade of the 1999 repeal.
Jacobs said the federal Pell Grants program for college students and various tax credits should be adjusted or expanded to help people learn job skills.
“I would far rather make an investment in a person to help them acquire new skills so that they can get a better paying job than I would continue to pay welfare in perpetuity or unemployment,” he said. “Because that investment we make in someone to acquire new skills is going to get returned when they have that higher paying job. They’re going to pay more taxes.”
Jacobs faces Sam Clovis, of Hinton; state Sen. Joni Ernst, of Red Oak; Scott Schaben, of Ames; and former U.S. Attorney Matt Whitaker, of Clive, in the June 3 primary election.