Cole Supports Tax Relief for Small Business Owners

WASHINGTON, D.C.-U.S. Congressman Tom Cole (OK-4) today voted to secure $2 billion in tax cuts for small business owners across America. This legislation ensures that any increase in the minimum wage must be accompanied by tax relief for small businesses who will be forced to pay the costs of a wage increase.

"The legislation we passed today is good for the hard working families of Oklahoma as well as the small businesses who employ them," Congressman Cole said. "While this is a good first step towards tax relief for small businesses, further tax relief can and should be added in negotiations with the Senate. The Senate-passed bill includes retroactive tax increases that should be removed before the final bill is signed into law by the President."

"It has been, and will continue to be, a priority for me to help improve the standard of living for all Oklahomans. And by coupling an increase in the minimum wage with tax relief for small business owners, we have taken a step in the right direction," Cole continued. "While I do believe this is good legislation, I hope my friends in the Senate will be open to provide even more relief to America's small business owners."

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