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Representative Tom Cole logo

Taxes

America is a global leader in business and innovation and will only remain so as long as our tax code fosters a favorable economic environment. I support maintaining low individual tax rates and permitting Americans to keep more of their hard-earned money and voted for legislation to increase the size of the standard deduction and child tax credit.

I also believe it is important to maintain a competitive corporate tax code that incentivizes businesses to set up and maintain operations in America versus moving abroad and enables small businesses to keep more of their earnings and reinvest their profits in expanding their operations and employing more workers. Oklahoma small businesses employ more than half of Oklahomans and are vital to our state’s economy.