Economy & Small Business

House, Senate Agree to Largest Spending Cut in American History

WASHINGTON, D.C. - U.S. Congressman Tom Cole (OK-4) released the following statement after Congress approved a temporary funding measure to avert a government shutdown and agreed to pass a long-term bill to cut almost $80 billion below President Obama's 2011 budget request -- the largest spending cut in American history:

WASHINGTON, D.C. – Rep. Tom Cole (OK-04) released the following statement after voting in favor of H.R. 1363, The Troop Funding Bill, which was passed today by House Republicans. The legislation funds government operations for one week with cuts of $12 billion, provides funding for U.S. Armed Forces for the remainder of the fiscal year, and would avert a government shutdown if adopted in the Senate.

WASHINGTON, D.C. – Rep. Tom Cole (OK-04) released the following statement regarding the Government Shutdown Prevention Act, which will be considered in the House of Representatives this week:

"It's been 39 days since House Republicans passed a bill to cut $100 billion and keep the government running for the rest of the year, yet the Senate refuses to act. Two things are obvious: Senate Democrats have no interest in cutting spending, and they believe a government shutdown serves their political interests.

WASHINGTON, D.C. – Rep. Tom Cole (OK-04) released the following statement after the House approved the latest in a series of short-term budget measures to avert a government shutdown and fund the government through April 8 while cutting $6 billion in spending:

"Democrats seem content to waste week after week dealing with their unfinished business from last year while our economic security hangs in the balance, but enough is enough. House Republicans have passed $100 billion in spending cuts, yet Senate Democrats can't even agree to cut $10 billion.

WASHINGTON, D.C. – Rep. Tom Cole (OK-04) released the following statement after the House approved H.R. 4 – Small Business Paperwork Mandate Elimination Act of 2011. The legislation repeals a burdensome provision of Obamacare requiring small businesses and rental property owners to file an IRS Form-1099 for any vendor with which they have more than $600 in yearly transactions. The bill reduces the deficit by $166 million in the first 10 years, cuts federal spending by $20 billion over ten years and reduces taxes by $19.7 billion:

WASHINGTON, D.C. – Rep. Tom Cole (OK-04) released the following statement after the House approved legislation to fund the government through March 18 while cutting $4 billion in spending:

"House Republicans have demonstrated that we are committed to cutting spending and keeping the government running. Now Harry Reid and Senate Democrats must decide whether to work with us or to fight the spending cuts demanded by the American people."

WASHINGTON, D.C. – Rep. Tom Cole (OK-04) released the following statement after House Republicans approved legislation that cuts $100 billion in spending from the President Obama's fiscal year 2011 budget:

"Historic deficits require historic spending cuts, and that's exactly what House Republicans have achieved. We pledged to voters that we would cut $100 billion this year, and we took less than eight weeks to do it.