scott rick jobs 7-7-7 plan

8/8/2019 Scott Rick Jobs 7-7-7 Plan

1/20

7 StepS.

700,


2/20

Wei Florida has lost a larger percentage o our jobs than the rest o the

i

Floridas unemployment rate went rom below the national average

i Floridas economic decline is larger than the national average

Total Personal Income in Florida is still down 3to the recession; for the nation, Tota

i Floridians earn less than people in other states

3.5% lower per c

i More people are now leaving Florida than are moving here rom oth

People vote with their feet, an

i Job growth in Florida is stronger when Floridas state government c

Job Growth in Florida depends on mak

2 www.RickScottForFlorida.com

cannot blame Washington, D.C. or all o our economproblems Tallahassee is part o the problem.


3/20

Once a leader in job creation,now Florida is alling behind.

Florida Jobs2000 2010

Jan-0

0

Jun-0

0

Nov-0

0

Apr-01

Sep-0

1

Feb-0

2

Jul-02

Dec-0

2

M

ay-0

3

Oct-03

Mar-04

Aug-0

4

Jan-0

5

Jun-0

5

Nov-0

5

Apr-06

Sep-0

6

Feb-0

7

Jul-07

Dec-0

7

M

ay-0

8

Oct-08

Mar-09

Aug-0

9

Jan-1

0

9.0

8.8

8.6

8.4

8.2

7.8

7.6

7.4

7.2

7.0

6.8

Millions


4/20

Thei Spent stimulus dollars rom Washington, D.C. and drained $8 billio

und reserves instead o xing their budget problem

i

Used gimmicks to comply with requirements that ongoing spendingrevenue sources.

i Pushed o tough budget decisions that will orce a large tax on job

addressed

i Blew through the legally imposed debt ceiling like Washington D.C

career politicians in Tallahasseeare spending our state into bankruptcy.



5/20

The result is a $6 billion budget decit and a negative ouFlorida is now going down the path o Caliornia and Gree

State Rainy Day FundFiscal Years 1999 through 2009

1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

General Fund Reserves $1,694.3 $2,155.9 $1,382.7 $1,925.1 $1,641.3 $ 3,423.6 $4,569.8 $6,081.2 $4,682.1 $1,674.6 $912.7Reserves as % of Revenues 9.5% 11.5% 7.2% 10.0% 8.2% 15.7% 18.3% 22.5% 17.7% 6.9% 4.3%

$7,000

$6,000

$5,000

$4,000

$3,000

$2,000

$1,000

0$

(In Millions of Dollars)

1999

2000

2001

2002

6% Target

8.5 %

8.0 %

7.5 %

7.0 %

6.5 %

6.0 %

5.5 %

5.0 %

4.5 %

4.0 %

Change in Debof Rev


6/20

Floridai In surveys that rank state regulatory ramework (as separate rom o

Floridas low tax burden increases our states competitiveness) Flor

i

Pacic Research Institute ranks Floridas regulatory ramework as 4

i US Chamber o Commerce State liability system survey ranks Florid

i Small Business Survival Committee ranks Florida the 38th highest w

insurance mandates and 37th highest with respect to electric utility

i Government run wind insurance has driven private insurers out o t

enormous tax increase or auto insurance rate increases i we get hinumber o costly hurricanes

burdens job creation with one o the worstregulatory rameworks in the nation.



7/20


8/20


9/20

The career politicians in Tallahassee have done

little to jumpstart our economy. But then again,

how can you get our economic wheels in motionwhen youve never balanced a budget, been

orced to meet payroll, or created a job?

Lets ace it, i the career politicians knew how to

get us out o this recession, they would have done

it already.

Thats why its time or a conservative outsider

with real-world business experience to take chargeo Floridas economy.

I am the only candidate in th

comprehensive plan that will get o

in order, balance the budget, anterm, good-paying jobs.

My 7-point plan isnt complex. I

simple. And its common sense.

Ive created jobs in the private sect

my 7 step plan will create 700,00

Make Florida the job creation model fo

Lets get to


10/20

As go

budg

Talla

they

Accountability Budgeting

i Use transparent, outcome-based budgets

i Propose biennial budgets in order to adequately review

budget goals and give the public time to participate inthe budget process

i Impose spending limits to ensure government expenditures

are at an aordable level

i Unlike other spending limits, my plan changes the ocus

rom how much government can spend to how much theeconomy can grow

i Return Floridas state and local government expenditure

burden to at least the 2004 level beore spending balloonedout o control

i Reuse temporary unding rom the ederal government that

creates permanent spending in Florida


11/20

I will use my line item vethat spend more than tax


12/20

I will

bring

Reduce Government Spending

Balance the budget without gimmicks, one-time revenues,borrowed unds, temporary unds, or tax increases.

Implement outcome-based budgeting that will create budgeting

eciency throughout government, including:

Pension Reorm.

Aligning state employee pension contributions with other statescould save almost $1.4 billion.

Per Prisoner Savings.

Paying competitive market-based salaries or corrections sta,utilizing inmate labor to grow prison ood, and competitivelybidding health care contracts resulting in public prison costs thatare as low as private prisons, prisoner costs would be reduced by

$1 billion.


13/20

Welare Benefts.

Imposing more stringent standards on requirements and require drug screenisave $77 million.

Operational Efciencies.

Using common sense business solutionthrough operational eciency saving ureduction in the state workorce will sa

Reorming Medicaid.

Reorming health care or Medicaid recemployees to consumer directed care wincrease choice o health plans, and sa

Veto Pork Barrel Spending.

Veto what the legislators call turkeys

barrel projects.

A 5% reduction in the salmost $300 million.

6.0 %

4.0 %

2.0 %

0.0 %

-2.0 %

-4.0 %

-6.0 %

-8.0 %

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

59.0 %

29.0 %

-1.0 %

-31.0 %

-61.0 %

-91.0 %

The size of Floridas government burden relative to U.S. average (LHS)

Floridas private GDP growth relative to U.S. average (RHS)

Florida Prospers When Government Spending Is Low

Floridas economic growth is higher whenour government spending is lower.

1. Florida Tax Watch


14/20

Red

Tall

bus

240

Regulatory Reform

i Make unemployment benets more aordable

i Limit rivolous lawsuits by implementing tort reorm

i Impose a regulatory reeze and implement a

comprehensive review o existing andproposed regulations

i Review state development regulations and expedite

permits or job-creating businesses, such as EnterpriseFlorida targeted industries

i Reorm PSC processes to allow reasonable energy

production and expansion

i Lower workers compensation costs; a 35% reduction

in workers compensation costs would save businesses

approximately $2.46 billioni Bring our health insurance costs and mandates in line

with the U.S. average

i Address Floridas relatively expensive electricity costs so

businesses could save approximately $3.25 billion


15/20

In order to open Florida

or business, we must rst

ensure that incentives

and policies are in

place to reward success

rather than punishing

it. As governor, I will be

Floridas chie economic

development ocer. We

wont miss any opportunity

to keep or add jobs.

Focus on Job Growth a

i Local economic development oces are

retention in our state. I will ensure thesand trained specialists so they can assi

and ederal grants, and to comply with in the least costly manner

i In Tallahassee, we will eliminate overla

agencies and have one group that will aagencies and serve as our statewide recbe the states chie economic developmwell as potential businesses every day t

i Make economic development programs

businesses to expand here in their own state Innovation Fund that brought Scri

Florida, developing high tech clusters w

i Partner with universities. Florida has m

university specic research, such as thewith the University o Florida. State ecoalways include partnerships with univerinto unique clusters


16/20

A world c

university

will provi

the highl

workorceto enhan

states vi

technolog

World Class Universities

i Invest in university research, laboratories, business

incubators, and technology transer

i Maximize the impact rom university research on the

economy by ensuring that each Florida university and the research conducted by our universities areconnected to the states economic development process

i Leverage the research strengths o our states

universities such as recent investments made inmedical colleges to invest in new and emergingtechnologies that positively impact our economy

i Nurture new cutting-edge technology clusters such

as the biotechnology cluster in Orlando that, by

conservative gures, creates over $7 in economic returnsrom every $1 invested a 7:1 ROI


17/20

The property tax burden is

Floridas #1 tax problem.

As governor, I will tackle

this problem head on not impose

band-aid solutionsthat provides temporary relie

to one group o people.

Growth in Property TaxRevenues versus Growth

in Personal Income

1993-94 through 2008-09

1.40

1.20

1.00

0.80

0.60

0.40

0.20

0.00

1993-9

4

1994-9

5

Reduce Prop

Reduce the statewide pr5.29 mills to 4.29 millsrom other key componereplace those unds so n

i

A 1 mill reductio$142 savings o

i Phase in anothe

next 7 years


18/20

Eliminacorporatax willminimaon statwhile mFloridacompet

Eliminate Floridas CorporateIncome Tax Over Seven Years

i Fully phasing out the corporate income tax over time will have

a large positive benet or Floridas economy while having aminimal impact on state revenues

i Total state tax revenues will benet rom the dynamic economic

growth created rom the corporate income tax phase-out

i In total, my tax and budget reorms should create an

additional 365,000 jobs.

Corporate IncomeTax Rates in the U.S.

and Other HigherTaxed Countries

(State and Federal Combined)

45.0 %

40.0 %

35.0 %

30.0 %

25.0 %

20.0 %

10.0 %

5.0 %

0.0 %

OECD

Aver

age

Cana

da

Belgi

umFra

nce

FL@

refor

mWY

WATXSDNVDE SCM

AM

SCA FLME VAR

IM

N

U.S.

Aver

ageNJPA

Japa

nAKIA

39.2%38.6%

35.0%


19/20

When ully implemented, my

plan will save Florida taxpayers

$7 billion a year.

The Economic ImpOf The Rick Scott P

Through this 7-Step Economic Program,accelerate, the number o new business salaries will grow, and the productivity an

The 7-step economic program - over a 7 economic impact and create 700,000 jo

In total, Floridas economy will gain an a

i 700,000 jobs

i $74 billion in state GDP

i $41 billion in higher personal

i $1 billion in total state tax rev

o the increased economic gro


20/20

Political advertisement

paid for and approved by

Rick Scott, Republican, for Governor

300 S.E. 2nd Street

Ft. Lauderdale, FL 33301

www.RickScottForFlor ida.co

Lets get to work.

scott rick jobs 7-7-7 plan

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