Taxes
March 9, 2023
Washington, D.C. – Congressman Tom Cole (OK-04), Vice Chairman of the House Appropriations Committee, released the following statement in response to President Joe Biden’s fiscal year 2024 budget request submitted to Congress today.
January 30, 2023
Earlier this month, the United States hit its debt ceiling, which is currently at $31.4 trillion. After raising the debt limit by $2.5 trillion just two years ago in 2021, this sobering news should serve as a wakeup call that we must reduce our nation’s spending and implement meaningful fiscal reforms to address America’s debt crisis before it is too late.
October 3, 2022
Last month, House Republicans renewed our “Commitment to America” by outlining policies to get America back on track amid the numerous crises caused by the out-of-touch policies and irresponsible spending pushed by President Joe Biden and Democrats.
America is a global leader in business and innovation, yet for many years, our tax code was outdated. Prior to 2017, the last major update of our tax code was in 1986. The tax system – a compilation of $1.6 trillion in annual deductions, credits, exclusions, exemptions and special rates – was enormously complex and created confusion, distortions in economic incentives and hindered America’s economic competitiveness to the detriment of Americans’ opportunities.
September 2, 2022
Although I was called back to Washington for a few days due to votes in the U.S. House of Representatives, I was still able to spend much of August in Oklahoma for the customary monthlong district work period.
August 12, 2022
Washington, D.C. – Congressman Tom Cole (OK-04) made remarks on the House floor during debate on the rule providing for consideration of the Senate Amendment to H.R. 5376, a partisan tax-and-spend reconciliation package.
August 8, 2022
Since President Joe Biden was sworn into office nearly two years ago, prices have skyrocketed, workers’ wages have shrunk and the U.S. supply chain and labor force have suffered
January 24, 2022
This week marks the beginning of tax filing season with the Internal Revenue Service (IRS). While this can often feel like a daunting task, I wanted to provide you with some timely tips concerning the 2021 tax year that can hopefully answer some of your questions or point you in the right direction.
Issues:Taxes
January 3, 2022
The activity during the first session of the 117th Congress last year was unfortunately marked by partisanship and political games.
November 19, 2021
Washington, D.C. – Congressman Tom Cole (OK-04) released the following statement after he voted against H.R. 5376, a multi-trillion-dollar reconciliation spending bill meant to reflect President Joe Biden’s so-called “Build Back Better” agenda.