Cole Statement on Passage of Tax Extenders
Washington, D.C. – Congressman Tom Cole (OK-04) released the following statement after the U.S. House of Representatives passed the Protecting Americans from Tax Hikes Act of 2015. The legislation makes permanent for individuals and job creators more than 20 temporary tax provisions. In addition, the bill encourages comprehensive tax reform, boosts economic growth, reduces potential fraud and abuse within tax credit programs and includes measures to keep the IRS accountable.
“I am pleased that the House represented the best interests of American taxpayers, families and businesses by permanently extending relief that has already existed in our tax code for years,” said Cole. “This is a responsible, sensible bill that not only gives greater certainty to businesses in their planning and expanding, but American taxpayers are also spared from a burdensome and immediate tax increase. I believe that this important compromise empowers American job creators, benefits the entire workforce and ultimately sets the nation’s economy up to thrive.”