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After months of uncertainty, the tax compromise announced last week by President Obama was welcome news -- and not a moment too soon. With tax rates set to increase for all taxpayers on January 1, time is running short for Congress to act to avert tax hikes. The agreement reached between Obama and Congressional leaders is far from perfect, but it is considerably better than allowing taxes to go up for every American.
After months of deliberation, President Obama's debt commission released its report last week. Officially named the National Commission on Fiscal Responsibility and Reform, the panel formed in February to develop solutions to our staggering national debt.
WASHINGTON, D.C. – Rep. Tom Cole (OK-04) today released the following statement after voting against Democrats' tax bill:
"This vote is nothing more than a political stunt. Negotiations are under way to extend tax breaks for all taxpayers and small businesses. Staging this vote before the negotiations are complete shows that the Democratic majority cares more about scoring political points than about getting the economy moving."
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WASHINGTON, D.C. – Rep. Tom Cole (OK-04) today released the following statement after House passage of H.R. 4783, the Claims Resolution Act of 2010. The legislation provides for the settlement of a 14-year-old class action suit in which over 500,000 American Indians sought an accounting of mismanaged trust accounts held by the United States for the benefit of individual Indian beneficiaries. The legislation passed the Senate on November 19 by unanimous consent, and a similar measure has twice passed the House.
Rep. Tom Cole (OK-04) hosts his monthly program "Cole on Congress" and visits with Rep. John Kline (MN-02) to provide an analysis on the issues facing our nation. (November 2010)
In less than five weeks, tax hikes will go into effect for virtually all tax brackets unless Congress takes action. Despite public and bipartisan support for maintaining the current tax rates, President Obama and Democratic leaders in Congress have repeatedly refused to bring the issue to a vote. President Obama insists that his plan to raise taxes on the highest tax brackets will not affect job creators, but the facts indicate otherwise.
The intrusion of the federal government into Americans' daily lives has become more extensive than the Founding Fathers ever intended. From burdensome taxes to excessive regulations, my fellow Oklahomans frequently share with me their frustration with government interference. Restoring the principles of limited government will be a primary focus of the next Congress, and legislation I have introduced to protect states' 10th Amendment rights would help achieve this important objective.
The midterm elections sent a clear message that Congress must change, and House Republicans have already begun working to implement important reforms when the new Congress convenes in January. I was honored to be named a member of the House Majority Transition Team, which held a series of productive meetings last week to lay the groundwork for making the House of Representatives more transparent and accountable.
WASHINGTON, D.C. – Rep. Tom Cole (OK-04) was named today to serve on the GOP Majority Transition Team. This 22-member team will work to ensure a seamless transition to a new Republican majority in the 112th Congress so that the House can get to work immediately in January to address the priorities of the American people.
William F. Buckley defined conservatism as standing "athwart history, yelling 'Stop.'" In last week's midterm elections, it wasn't just conservatives but citizens of all political stripes, from across the nation, who went to the voting booth and yelled "Stop" to the Obama/Pelosi agenda.