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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.

More on Taxes

Out-of-Touch Priorities
August 30, 2021
Weekly Columns
Last week, Speaker Nancy Pelosi called members of the U.S. House of Representatives back from their August district work for an emergency session. However, instead of considering truly pressing matters affecting the safety and security of our nation and allies, she focused debate and votes on ensuring passage of a “budget” in order to usher in $3.5 trillion in new spending on socialist-style policies and programs through the reconciliation process.
Issues:Economy & Small BusinessTaxes
Cole Statement on President Biden’s Outrageous FY 2022 Budget Request
May 28, 2021
Press Release
Washington, D.C. – Congressman Tom Cole (OK-04) released the following statement after President Joe Biden sent a $6 trillion budget request to Congress for fiscal year 2022. Cole is the Vice Ranking Member of the House Appropriations Committee.
Issues:Economy & Small BusinessTaxes
Real Benefits and Real Results
December 31, 2019
Weekly Columns

Just over two years ago, President Donald Trump signed the Tax Cuts and Jobs Act into law. Since then, Americans are not only getting to keep more of their hard-earned money as promised, but the economy is clearly booming as a result of the president's continual focus on pro-growth policies. Indeed, there are numerous signs that the country is better off and that the best is still ahead.

Issues:Economy & Small BusinessTaxes
The Green No Deal
July 9, 2019
Weekly Columns

Regardless of political points of view, most Americans can agree that good stewardship of the earth and its precious resources is important. And I am always encouraged by the special efforts made by individuals, families and communities to do their part today to ensure a fruitful and beautiful world for generations to come.

Issues:Economy & Small BusinessEnergy & EnvironmentHealthcareNatural ResourcesTaxes
Ensuring Lasting Benefits from Tax Reform
October 15, 2018
Weekly Columns

Since the Tax Cuts and Jobs Act was passed by Congress and signed into law by the president, the country has undoubtedly been better off as a result. Wages are steadily on the rise, unemployment has reached its lowest level in nearly 50 years, jobs are being created and the economy is booming. Since this historic tax relief and reform effort was enacted earlier this year, the benefits have not slowed or diminished. Certainly, the lasting impact continues to be felt by individuals, families, small businesses, entrepreneurs and indeed, by all Americans.

Issues:Taxes
Out With The Old Tax System, In With The New
April 16, 2018
Weekly Columns
This week, millions of Americans will file their taxes under an antiquated system for the last time. What was once an onerous task will become a more simple, easier process in the years to come. Filing taxes for the past 32 years was done under a complicated, invasive tax code. The burdensome process grew and evolved under the changes of society, and we are left today with a system that allowed for many loopholes and unfair tax brackets.
Issues:Taxes
The Costs of Tariffs
March 19, 2018
Weekly Columns
This past year, the United States has been experiencing a welcome surge in economic growth. The economic successes America is enjoying is surely due to the hard work and ingenuity of the American people, the implementation of the Republican tax reform and President Trump's initiative to bring American companies back home. In general, free trade contributes to our national prosperity as well. However, having open markets is not an invitation for others to take advantage of us. When bad actors exist, we have every right to use our power to protect our interests.
Issues:Defense, National Security & Foreign AffairsEconomy & Small BusinessTaxes
President Trump’s State of the Union
February 6, 2018
Weekly Columns
After his first year in the White House, President Trump and his Administration have much of which to be proud. Their accomplishments have delivered actual results, and the country is continuing to reap the benefits of those changes. During his first State of the Union speech, the President reinforced those achievements – many of which will certainly be remembered as signature accomplishments of his Presidency.
Issues:Defense, National Security & Foreign AffairsEconomy & Small BusinessImmigrationTaxesTransportation
Tax Reform is Working for Employees and Businesses
January 29, 2018
Weekly Columns
If you are an American taxpayer, you most likely have bills that need to be paid on a schedule, like an electric bill or a car payment. For many taxpayers, paying those bills might just get a little easier this year. The new tax code has already promised bigger paychecks for individuals and families, but the wave of its effects since passage into law is being realized across the nation from the corporate level to the individual taxpayer.
Issues:Economy & Small BusinessTaxes
The Economic Boost
January 8, 2018
Weekly Columns
When the American people elected President Trump and a Republican majority, they expected big things in 2017. This past year brought with it several positive changes because the Trump administration and Congress have been focused on the American people's priorities. One of the biggest accomplishments was the first major tax reform in more than three decades. And that's just in year one.
Issues:Economy & Small BusinessTaxes