Tom Daxon holds a bachelor's and a master's degree in economics and geography from Oklahoma State University. Early in his career, he worked as an auditor for a CPA firm and served as the President of the Oklahoma State University College Republicans. Daxon was elected as Oklahoma State Auditor and Inspector, where he introduced modern auditing techniques and formed an investigative unit. He later advised on government audits and accounting for Arthur Andersen, managing quality assurance and resolving significant financial issues. Daxon also served as budget director for Governor Frank Keating, where he played a key role in economic and tax policy development.

Tom Daxon's political identity is marked by a steadfast commitment to fiscal responsibility and government efficiency, paired with an ideological flexibility that sometimes defies traditional partisan lines. His career highlights a consistent focus on modernizing state financial practices, such as implementing GAAP-basis financial statements in Oklahoma. Daxon's rhetorical style often emphasizes the importance of transparency and accountability in governance, yet his endorsement of a Libertarian presidential candidate in 2016 suggests an openness to unconventional policy approaches. This blend of traditional conservative values with a willingness to explore alternative political solutions creates a unique and intriguing political profile.