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8/8/2019 Scott Rick Jobs 7-7-7 Plan
1/20
7 StepS.
700,
8/8/2019 Scott Rick Jobs 7-7-7 Plan
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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.
8/8/2019 Scott Rick Jobs 7-7-7 Plan
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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
8/8/2019 Scott Rick Jobs 7-7-7 Plan
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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.
4 www.RickScottForFlorida.com
8/8/2019 Scott Rick Jobs 7-7-7 Plan
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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
8/8/2019 Scott Rick Jobs 7-7-7 Plan
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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.
6 www.RickScottForFlorida.com
8/8/2019 Scott Rick Jobs 7-7-7 Plan
7/20
8/8/2019 Scott Rick Jobs 7-7-7 Plan
8/20
8/8/2019 Scott Rick Jobs 7-7-7 Plan
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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
8/8/2019 Scott Rick Jobs 7-7-7 Plan
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
8/8/2019 Scott Rick Jobs 7-7-7 Plan
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I will use my line item vethat spend more than tax
8/8/2019 Scott Rick Jobs 7-7-7 Plan
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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.
8/8/2019 Scott Rick Jobs 7-7-7 Plan
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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
8/8/2019 Scott Rick Jobs 7-7-7 Plan
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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
8/8/2019 Scott Rick Jobs 7-7-7 Plan
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
8/8/2019 Scott Rick Jobs 7-7-7 Plan
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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
8/8/2019 Scott Rick Jobs 7-7-7 Plan
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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
8/8/2019 Scott Rick Jobs 7-7-7 Plan
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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%
8/8/2019 Scott Rick Jobs 7-7-7 Plan
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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
8/8/2019 Scott Rick Jobs 7-7-7 Plan
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.