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Cole Votes Against Tax Hikes

December 16, 2010
Press Release

WASHINGTON, D.C. – Rep. Tom Cole (OK-04) today released the following statement after voting in favor of legislation to extend tax cuts for all Americans:

"This bill is certainly not ideal, but allowing massive tax hikes to go into effect for every American during a recession is unacceptable. I would have preferred a more fiscally responsible plan that makes the current tax rates permanent and avoids dipping into the Social Security trust fund, but this is the best agreement possible at this time.

"This compromise ensures Oklahomans will not face tax increases over the next two years and encourages desperately needed job creation. It's time to end the financial uncertainty for families and businesses and move on to making the tough choices necessary to cut spending, reform entitlements and modernize the tax structure. That task will begin when the new Republican majority is sworn in next January."