Newspaper article THE JOURNAL RECORD

Daniel Keating to Run for Oklahoma's State Treasurer

Newspaper article THE JOURNAL RECORD

Daniel Keating to Run for Oklahoma's State Treasurer

Article excerpt

Tulsa businessman Daniel Keating, brother of former Oklahoma Gov. Frank Keating, announced Tuesday he will run for state treasurer this year.

We need new policies and a new treasurer, said Keating, who currently serves as chairman of the state Cigarette and Tobacco Tax Advisory Committee. Keating was appointed last year by House Speaker Todd Hiett, R-Kellyville, to serve on the advisory committee charged with examining problems with tobacco tax collections.

President of brokerage and insurance company Summit Consolidated Group, Keating said he has more than 20 years of experience in the banking industry. The treasurer's chair would be Keating's first elected position, though he has previously held five appointed positions in state government, he said.

If elected, I shall use the treasurer's office to promote economic growth instead of division, Keating said. The office can become a much greater and effective tool for economic development through conservative, free-market principles. We cannot rest Oklahoma's most pressing and important needs on the shaky hopes of gambling money and burdensome taxes that cripple small businesses. That is simply irresponsible. There is a better way to fund Oklahoma government.

Keating criticized the compacts the current treasurer, Scott Meacham, helped negotiate with Indian tribes as well as Meacham's statements accusing the tribes of not properly enforcing their end of the compacts.

Tax policy through the tobacco compacts has been used to reward friends and hurt others, Keating said. With the signing of the Tax Commission's emergency rules, the administration is attempting to put legitimate business out of business. Tribal retailers are hurting, tobacco wholesalers are hurting, non-tribal convenience stores are desperate, and many respected Indian tribes and their officials are being called liars and cheats. …

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