Taxation

The American taxpayer is over-burdened due to fiscally irresponsible policies in Washington.  Lower taxes are key to improving the economy.  The more money taxpayers and businesses have to spend and invest, the more money they have to fuel economic growth.

Latest

  • Inhofe Votes Against Amendment to Limit the Use of OCO Funds for National Defense

    U.S. Sen. Jim Inhofe (R-Okla.), senior member of the Senate Armed Services Committee, today voted against amendment #1521, an amendment to the Senate's National Defense Authorization Act (NDAA) for fiscal year 2016 that would limit the use of $38 billion in Overseas Contingency Operations funding contained in the bill unless the Budget Control Act (BCA) caps are increased or eliminated. The amendment was authored by Sen. Jack Reed (D-R.I.) and failed by a vote of 46 to 51. Read More

  • Inhofe, Coons Introduce African Free Trade Initiative Act

    U.S. Sen. Jim Inhofe (R-Okla.) and Sen. Chris Coons (D-Del.) today introduced the African Free Trade Initiative Act, which would require the president to establish a plan to negotiate and enter into Free Trade Agreements (FTAs) in sub-Saharan Africa and would require the United States Trade Representative, the Millennium Challenge Corporation and USAID to coordinate and collaborate together on how to implement the goals established in the Free Trade Agreement plan. The legislation was also introduced as an amendment to the Trade Promotion Authority legislation currently being considering in the U.S. Senate.  Read More

  • Inhofe Receives Defender of America’s Hunting Heritage Award

    U.S. Sen. Jim Inhofe (R-Okla.) was recognized Wednesday evening by the National Shooting Sports Foundation with the “Defender of America’s Hunting Heritage” award for bringing attention to the misleading fundraising tactics of the Humane Society of the United States (HSUS).  Read More

  • Inhofe Introduces Two Tax Bills on Tax Day

    U.S. Sen. Jim Inhofe (R-Okla.) today on Tax Day introduced two bills that will revive and make permanent expired tax provisions, the Indian Lands Accelerated Depreciation provision, S.947, and the Suspension of Net Income Limitation for Percentage Depletion for Marginal Wells provision, S.948. Both provisions  would encourage job growth and investment in Oklahoma.  Read More

  • Inhofe Statement on Senate Budget Resolution Passage

    U.S. Sen. Jim Inhofe (R-Okla.), a leading Senate fiscal conservative and longtime supporter of a Balanced Budget Amendment to the Constitution, today praised the Senate for passing a budget resolution for fiscal year 2016 under regular order. The resolution would balance the federal budget over the next decade without raising taxes, repeal and replace ObamaCare, provide flexibility for funding national defense and enhance the United States’ energy security. Read More