Economy & Small Business
Politico - Jonathan Allen
Republican Rep. Tom Cole urged colleagues in a private session Tuesday to vote to extend the Bush tax rates for all but the highest earners before the end of the year — and to battle over the rest later.
The Hill - Russell Berman
Meeting with his conference for the first time since the election, House Speaker John Boehner (R-Ohio) on Wednesday told his troops to settle in for a long battle over the “fiscal cliff.”
“Sit back, this is going to take a while,” Rep. Tom Cole (R-Okla.) said in characterizing Boehner’s message at the closed-door meeting.
In once again electing a Republican House of Representatives, Democratic Senate and Democratic White House, the American people voted to maintain the status quo in Washington's balance of power. While the composition of the legislative and executive branches may remain the same, a continuation of current economic policies is not an option.
The last unemployment report to be released before the election reiterates how far we have to go to reach pre-recession levels of prosperity. The 7.9 percent unemployment rate recorded for October is up slightly from September's 7.8 percent. Even more discouraging, it is slightly higher than the 7.8 percent recorded when President Obama first took office while the recession was at its peak.
WASHINGTON, D.C. – Congressman Tom Cole (OK-04) released the following statement after the death of Skip Healey:
The latest discouraging economic news provides a sobering reminder of exactly what is at stake when Congress reconvenes to address the "fiscal cliff" issues at the end of this year. The most recent economic growth report shows almost no growth to speak of.
It is considered one of the great political compromises, and one of the most unequivocally successful policy changes in recent congressional history.
WASHINGTON, D.C. – Congressman Tom Cole (OK-04) released the following statement after the House passed H.J.Res. 118, a resolution to overturn the Obama administration's move to waive welfare work requirements.
WASHINGTON, D.C. – Congressman Tom Cole (OK-04) released the following statement after the House passed H.R. 5912, bipartisan legislation he authored to terminate taxpayer financing of party conventions.
The media may no longer be paying attention to gas prices, but the American people are fully aware that fuel costs are on the rise again. The $3.72 national average gas price recorded on August 20 was the highest ever observed on that date. Prices have risen 9 percent over the past few months, making 2012 the most expensive year ever for drivers.