Media
Latest News
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. House Republicans will vote before August to extend tax relief for all tax brackets.
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.
Federal Reserve Chairman Ben Bernanke refers to the looming tax hike deadline as a "fiscal cliff" while the media coined the term "Taxmageddon" to describe the magnitude of the economic disruption that will occur if the current tax rates are not renewed.
"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 House of Representatives voted to hold Attorney General Eric Holder in contempt of Congress due to his repeated refusal to cooperate with the House Oversight and Government Reform Committee's investigation into Operation Fast and Furious:
WASHINGTON, D.C. - U.S. Congressman Tom Cole (OK-4) released the following statement after the Supreme Court announced its ruling on the constitutionality of the Affordable Care Act, commonly called "Obamacare:"
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. Cole has introduced similar legislation in 2009 and 2011.
President Obama's decision to unilaterally kill the Keystone pipeline project is not the only government action to stifle energy production and job creation. Every day, federal policies create obstacles to the energy independence America needs to achieve for both our national security and economic recovery.
WASHINGTON, D.C. - U.S. Congressman Tom Cole (OK-4) released the following statement after the White House asserted executive privilege to prevent the release of documents subpoenaed by the House Oversight and Government Reform Committee to complete their investigation into Operation Fast and Furious:
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. So many budget items continue to be funded due to sheer inertia or political self-interest -- not because they successfully fulfill a worthwhile government function.