Inhofe, Lankford Join 41 Senators in Encouraging Administration to Abandon Proposed Estate Tax Regulations

U.S. Sens. Jim Inhofe and James Lankford (R-Okla.) joined 41 Senate Republicans on Wednesday in sending a letter to  Treasury Secretary Jacob Lew encouraging the Treasury Department to abandon proposed regulations that would significantly increase the estate tax burden on family farms and businesses. The proposed regulations, if finalized, would contradict long-standing legal precedent and greatly discourage families from continuing to operate and grow their farms and businesses for eventual transfer to future generations