Kevin Stitt on Budget & Economy

	Kevin Stitt on Budget & Economy

Cut waste, rather than new taxes, for growth

Democrat Drew Edmondson promoted his plan to increase the state's gross production tax to 7%, do away with the capital gains tax deduction and increase the cigarette tax by 50 cents, raising an additional $300 million.

"His solution is always more taxes on hardworking Oklahomans," Stitt responded. Stitt said finding more money for state agencies will require cutting waste, stronger leadership and wisely spending $1 billion in new revenue coming to the state this year. "Our economy is starting to boom but our state has not captured that growth like it should," Stitt said.

"Mr. Stitt is doing what any good salesman would do, he is trying to tell you what you want to hear," said Edmondson, who added increasing taxes was the only way to truly invest in the state.

"There he goes again," Stitt responded. "It's always about new revenue, new taxes."

Source: The Oklahoman on 2018 Oklahoma gubernatorial debate , Oct 25, 2018

Create a level playing field for competition

Cornett discussed the importance of moving away from the oil and gas industry to provide revenue for the state. Stitt noted he would strive to create a level playing field for competition.

Cornett is expected to gain support from the independent oil industry, while Stitt would be backed by Chamber of Commerce members and the largest oil producers.

Source: Ballotpedia.org on 2018 Oklahoma gubernatorial race , Aug 28, 2018

State budget needs audits and line-item budgeting

The success of state agencies shouldn't be just about bigger budgets. Success is when the state consistently delivers core service a cost-effective, efficient manner. Without line-item budgeting, it's impossible to know which agencies steward their resources well, which is why I will fight for accountability and transparency. I will implement and standardize audits and hold each agency accountable for how our tax dollars are spent, just like I have done in the private sector the last 19 years. Source: 2018 Oklahoma Gubernatorial website StittForGovernor.com , Jul 4, 2018

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