Tom Cole

A House Appropriations subcommittee has passed legislation that would allocate $9.5 billion to the IRS for fiscal year 2026, marking a decrease of more than 20% compared to the agency's current $12.3 billion funding.  The measure, approved by a 9-6 party-line vote in the Financial Services and...

Wine & Spirits Wholesalers of America (WSWA)'s longest-serving chairman, Tom Cole, called upon colleagues across the beverage alcohol industry to support WSWA's new policy position regarding the federal legalization and regulation of adult-use cannabis. A couple of weeks ago WSWA ...

When companies “pay” huge amounts of money to settle claims that they broke the law, don’t believe the hype: the bill may be a lot less than advertised. That’s because we taxpayers may be picking up part of the tab. How? The tax code allows companies to deduct some or all of the payments as...