The invention discloses a cutting device of a straightening cutting machine. The cutting device is characterized by comprising a frame body, a workpiece limiting mechanism, a fixed cutter and a movable cutter mechanism, wherein the frame body comprises a vertical plate and a top plate, a workpiece channel is formed on the vertical plate, the workpiece limiting mechanism comprises a left adjustingrod, a right adjusting rod and an upper adjusting rod, the left adjusting rod, the right adjusting rod and the upper adjusting rod are in threaded fit with a left side wall, a right side wall and a top wall of the workpiece channel correspondingly, first ends of the left adjusting rod, the right adjusting rod and the upper adjusting rod are all located in the workpiece channel and form a limitingchannel, the fixed cutter is installed on a back face of the vertical plate, a cutting edge of the fixed cutter and a low point of the limiting channel are located on the same horizontal line, the movable cutter mechanism comprises a movable cutter and an oil cylinder, and the oil cylinder is installed on the top plate and connected with the movable cutter so as to drive the movable cutter to moverelative to the fixed cutter. The cutting device is advantaged in that the cutting quality of a workpiece can be improved, the service life of the cutting knife can be prolonged, and a replacement period of the cutting knife is shortened.