Tom Cole: Obama Fiscal Cliff Plan 'Laughable'

Speaking Friday afternoon with THE WEEKLY STANDARD, Oklahoma congressman Tom Cole, a Republican who has emerged this week as an advocate of compromising on taxes, panned President Obama’s proposal to avert the fiscal cliff.

“I think honestly the president’s initial proposal is just laughable,” Cole told me. “There’s no spending restraints. There’s very little entitlement reform. He’s asking to essentially double the revenue that he’s asked for in the past.”