Economy & Small Business
You know election season must be in full swing when "Mediscare" accusations start flying. Unfortunately, the heated rhetoric obscures the most relevant and startling point of all: Medicare will go bankrupt by 2024. This is not speculation or a partisan claim; it is a fact documented in this year's annual report from the Medicare and Social Security Trustees.
One day after voting to prevent a massive tax hike from hitting small businesses and families, House Republicans also took action to reform the entire tax code. It's not just high tax rates that discourage businesses from growing.
I recently sat down in Norman with a group of small business owners to get their perspective on economic issues. While politicians in Washington argue over how to create jobs, these local employers are the ones responsible for making payroll each month and working to make their businesses grow in a challenging economy.
WASHINGTON, D.C. - U.S. Congressman Tom Cole (OK-4) released the following statement after the House passed H.R. 8, the Job Protection and Recession Prevention Act. The bill extends the current low tax rates for all American taxpayers and small business owners for one year, preventing a $384 billion tax increase beginning on January 1, 2013.
"It's now easier to start a business in Slovenia, Estonia and Hungary — three former Iron Curtain countries — than in America." That's the conclusion reached by the editors of Investors Business Daily in response to a study measuring the regulatory hurdles confronting entrepreneurs around the globe.
WASHINGTON, D.C. - U.S. Congressman Tom Cole (OK-4) released the following statement after House passage of H.R. 459, the Federal Reserve Transparency Act. This legislation would allow the Government Accountability Office (GAO) to conduct a full audit of the Fed and report its findings within 12 months.
WASHINGTON, D.C. – Rep. Tom Cole (OK-04) made the following remarks on the House floor in support of H.R. 2362 - the Indian Tribal Trade and Investment Demonstration Project Act, which he authored. This legislation would eliminate red tape in the tribal leasing process to facilitate U.S. trade with international partners and help economic development on tribal land.
WASHINGTON, D.C. - U.S. Congressman Tom Cole (OK-4) released the following statement after the House vote on H.R. 2362 - the Indian Tribal Trade and Investment Demonstration Project Act, which he authored. This legislation would eliminate red tape in the tribal leasing process to facilitate U.S. trade with international partners and help economic development on tribal land.
WASHINGTON, D.C. – Rep. Tom Cole (OK-04) made the following remarks on the House floor in support of H.R. 5872, the Sequestration Transparency Act of 2012. The legislation would require the president to submit to Congress a detailed report on how his administration plans to implement the sequestration spending cuts set to begin in 2013.
WASHINGTON, D.C. - U.S. Congressman Tom Cole (OK-4) released the following statement after the bipartisan passage of H.R. 5872, the Sequestration Transparency Act of 2012. The legislation would require the president to submit to Congress a detailed report on how his administration plans to implement the sequestration spending cuts set to begin in 2013.