Oklahoma
State Senate
Assistant Republican Floor
Leader
Senator Owen Laughlin
State Capitol Room 529-B
Oklahoma City, Oklahoma 73105
(405) 521-5626
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For Immediate Release: February 10, 2006
Senator Owen Laughling
Death Tax Needs to Be Eliminated
-
Sen. Leftwich’s proposal ‘nibbles around
the edges’
State Sen. Owen Laughlin, Assistant Republican
Floor Leader, said Friday that Oklahoma’s death
tax needs to be fully eliminated, and said a proposal
by Senate Democrats to amend the death tax law is inadequate.
“Sen. Leftwich’s proposal
is a pretty good idea, but it just nibbles around the
edges. Oklahoma needs to fully eliminate the death tax,”
stated Laughlin, R-Woodward. “It’s double
taxation to tax one’s income and then to tax the
same person again upon their death. A family shouldn’t
have to sell off the farm or small business just to
pay the death tax.”
On Wednesday rural Republican senators
announced that fully eliminating Oklahoma’s death
tax is their top priority for 2006.
“By fully eliminating the death
tax instead of just tinkering with it, we can attract
more capital, more investments, and more good jobs to
our state. We can help save family farms and small businesses,”
said Laughlin, the chairman of the Senate Republican
Rural Caucus, a group of GOP senators who represent
rural districts.
For
more information contact:
Senate Republican Assistant's Office - (405) 521-5654