Economy & Small Business
WASHINGTON, D.C. - U.S. Congressman Tom Cole (OK-4) released the following statement after President Obama announced his plan to raise taxes for families and businesses earning more than $250,000 per year. According to analysis by the Joint Committee on Taxation, the tax increases would hit 53 percent of small business income.
The Supreme Court decision on Obamacare paved the way for $675 billion in new taxes over the next decade. But that's just the tip of the iceberg. Unless Congress takes action, tax rates for all tax brackets will increase on January 1, 2013.
"We do not consider whether the Act embodies sound policies. That judgment is entrusted to the Nation's elected leaders."
WASHINGTON, D.C. - U.S. Congressman Tom Cole (OK-4) released the following statement after the Senate on Thursday voted 95-4 in favor of an amendment prohibiting taxpayer funding of political conventions. The amendment to the farm bill, sponsored by Sen. Tom Coburn, is based on legislation Cole and Coburn each introduced earlier this month.
Ronald Reagan's famous statement that "a government bureau is the nearest thing to eternal life we'll ever see on this Earth" remains frustratingly true. Although Congress has finally begun to cut billions in recognition of the growing threat posed by the massive national debt, many spending programs persist for no justifiable reason.
Month after month, Americans continue to be pummeled with bad economic news. The dismal employment reports and sobering economic outlooks released in the past few days maintain the unfortunate trend.
WASHINGTON, D.C. – Congressman Tom Cole (OK-04) today introduced H.R. 5912, legislation to terminate taxpayer financing of party conventions. Since 1976, over $220 million of taxpayer funds have been spent on presidential nominating conventions for such expenses as make-up artists, political consulting fees, gift bags, banners and more.
The Department of Health and Human Services recorded a curious line item recently. The health care agency reported spending $20 million in taxpayer money on a contract with public relations firm Porter Novelli to design a national multimedia campaign to promote the Affordable Care Act, more commonly called Obamacare.
WASHINGTON, D.C. – Rep. Tom Cole (OK-04) made the following remarks on the House floor in support of HR 205, the Hearth Act
Today's parents face a prospect rare in American history: the possibility that our children and grandchildren will inherit an America with less opportunity and prosperity than previous generations enjoyed. Integral to the American Dream is the assumption that each generation will enjoy a higher standard of living and economic opportunity than their parents did.