In the latest case of Donald Trump and his gravitational pull towards candidates with Internal Revenue Service (IRS) and tax-related issues, it was revealed today by The Guardian that Stephen Moore, Trump’s latest pick for a seat on the Federal Reserve board, owes the IRS $75,328.80 in unpaid taxes from the 2014 tax year.
Trump only surrounds himself with the “best people.” This definition from an “alternate” reality which is clearly based on “alternative facts” must include shady tax situations, as a prerequisite.
The name Stephen Moore may ring a bell. That’s because he is yet another Trump loyalist. Moore is also the author of the highly-debatable fluff piece of a book titled “Trumponomics.” Foreign Affairs wrote an entire article on just how much of a joke this book is, stating in part:
‘UNFORTUNATELY, THIS LAST VOICE IS THE ONE THE ECONOMISTS STEPHEN MOORE AND ARTHUR LAFFER CHOSE IN WRITING THEIR NEW BOOK, ‘TRUMPONOMICS.’ THE BOOK’S OVER-THE-TOP ENTHUSIASM FOR U.S. PRESIDENT DONALD TRUMP’S SKETCHY ECONOMIC AGENDA IS NOT LIKELY TO CONVINCE ANYONE NOT ALREADY SPORTING A “MAKE AMERICA GREAT AGAIN” HAT.’
Could it be that Trump decided to nominate Moore for his new role, based on his unfiltered admiration which oozes out of his book? That’s another story and up for debate.
According to a clerk with knowledge on Moore’s IRS discrepancy, he has yet to satisfy the claim made out of circuit court in Montgomery County, Maryland.
Moore disputes this and stated:
‘For several years I have been working through a dispute with the IRS, attempting to be returned what my attorneys and accountant believe were tax overpayments of tens of thousands of dollars.’
This reminds us of when Trump stated that he’d release his taxes once they were no longer tied up in an, apparently unending, audit.
Anne Carey, Moore’s wife, also came to his defense regarding his shady 2014 tax situation, telling Bloomberg that the dispute stems from her husband accidentally deducting both alimony and child support payments to his ex-wife. Apparently, she said he could only deduct alimony.
She continued, stating that both she and her husband want to pay off the lien as quickly as possible but also plan to challenge to IRS over it’s decision.
This conflict of interest best get resolved before Trump formally announces his decision to nominate Moore for the Federal Reserve board. Trump has, thus far, not officially done so.
Based on Moore’s book and his involvement on Trump’s campaign tax plan, it is clear to many that he lacks the proper expertise to serve on the Federal Reserve board. And should Moore even make it that far, his nomination will undoubtedly receive pushback from Democrats.
Featured image via YouTube screenshot.