Committee to Unleash American Prosperity

SOURCE:  BuriedTruth.com, 2020-07-16

  • Founded: 2015
  • Founder: Stephen Moore
  • Website: CommitteeToUnleashProsperity.com

  • The Committee to Unleash Prosperity aims to "end America's growth slump and restore faith in the American Dream." The Committee to Unleash Prosperity was founded by ALEC Private Enterprise Advisory Council (PEAC) Member Steve Moore, ALEC Board of Scholar Member Dr. Art Laffer, and the Steve Forbes to combat America's "growth gap," by promoting an agenda that will revitalize America's economy. the Committee to Unleash Prosperity attempts to persuade Democratic and Republican politicians running for president to focus on fighting against "slow growth and stagnant incomes." In 2009, Moore described climate change as "the biggest scam of the last two decades." ...

  • See also:

    Stephen Moore (born February 16, 1960) is an American writer and television commentator on economic issues. He co-founded and served as President of the Club for Growth from 1999 to 2004. Moore is a former member of the Wall Street Journal editorial board. He worked at the Heritage Foundation during the period from 1983 to 1987 and again since 2014. Moore advised Herman Cain's 2012 presidential campaign and Donald Trump's 2016 presidential campaign.

    Moore advocates tax cuts and other supply-side policies. Moore's columns have appeared in outlets such as the Wall Street Journal, The Washington Times, The Weekly Standard and National Review. In 2017, he left FOX News Channel to join CNN as a senior economic analyst, leaving that position in early 2019. Along with Larry Kudlow, Moore advised the Trump administration during the writing and passage of the Tax Cuts and Jobs Act.

    On March 15, 2019, President Donald Trump announced that Moore would be nominated to serve as a governor of the Federal Reserve. On May 2, 2019, Moore withdrew his name from consideration.

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    Stephen Moore: Career

    From 1983 to 1987, Moore served as the Grover M. Hermann Fellow in Budgetary Affairs at the Heritage Foundation. In 1987, Moore was the research director of President Ronald Reagan's Privatization Commission. Moore spent ten years as a fellow of the Cato Institute, a libertarian think tank. As senior economist of the U.S. Congress Joint Economic Committee under Chairman Dick Armey of Texas, Moore was said to be "instrumental in creating the FairTax proposal."

    In 1999, Moore co-founded the Club for Growth, a group advocating tax cuts and a reduction in government spending, becoming its president. While president of the group, Moore targeted "Republicans in Name Only" whom he viewed as not aligned with his anti-tax views; he criticized Republican Senators who did not readily embrace tax cuts, including Arlen Specter, Olympia Snowe, and George Voinovich.

    At the Club for Growth, Moore sought to change the Republican party and in a 2003 interview said, "We want to take over the party's fund-raising. We want it to be, in 10 years, that no one can win a Senate or a House seat without the support of the Club for Growth." From 2003 to 2004, the Club for Growth was the single largest fundraiser for Republican House and Senate candidates, only being outdone by the Republican party itself.

    In December 2004, the Club for Growth's board voted to remove Moore as president, with his opponents within the organization upset by his criticism of President George W. Bush and by the narrow defeat of Senator Pat Toomey, who had the group's support. After Moore's departure, lawyers for the group sent letters to him and members of his new organization, the Free Enterprise Fund, threatening legal action for allegedly stealing the group's mailing list to raise funds for his new organization; Moore's partner Mallory Factor stated the list was acquired elsewhere.

    After he left the Club for Growth, Moore founded the 501(c)(4) Free Enterprise Fund with other former Club for Growth members including Arthur Laffer and Mallory Factor. In 2005, Moore left the Free Enterprise Fund to serve on the editorial board of the Wall Street Journal.

    On September 19, 2005, the Federal Election Commission (FEC) filed suit against the Club For Growth, alleging that the group had failed to register as a political action committee in the 2000, 2002, and 2004 election cycles "despite spending millions of dollars on federal campaign activity during the 2000, 2002, and 2004 election cycle." In 2007, the FEC and the Club for Growth agreed to settle the lawsuit, paying $350,000.

    Moore joined Donna Arduin along with Laffer, in a former partnership, Arduin, Laffer & Moore Econometrics.

    Moore advised Herman Cain, a former presidential candidate and business executive, on his 9-9-9 Tax Plan for his 2012 presidential campaign.

    In 2014, the Heritage Foundation announced that Moore would rejoin the think tank as chief economist. Since March 2015 his profile on the Heritage website has described him as a "Distinguished Visiting Fellow."

    Moore is a contributing editor for National Review.

    In May 2015, Moore co-founded the Committee to Unleash Prosperity with Arthur Laffer, Larry Kudlow, and Steve Forbes, to attempt to persuade Democratic and Republican politicians running for president to focus on fighting against "slow growth and stagnant incomes."

    In 2017, Moore joined 32 Advisors, an economic advisory firm.

    In 2017, Moore worked with Larry Kudlow on overhauling the US tax policy for the Trump administration, which was eventually passed into law by Congress. In 2019, Moore was listed as the 32nd most powerful person in global finance by Worth Magazine.

    Writings and statements

    In July 2008, as the Fed had for months been rapidly cutting interest rates as the economy weakened into what became the Great Recession, Moore stated, "I happen to believe we should be raising rates, not cutting them."

    In 2009, Moore described climate change as "the biggest scam of the last two decades." In columns and op-eds, Moore called those with concerns about climate change "Stalinistic" and has accused climate scientists as being part of a global conspiracy to obtain money via research grants, asserting that a "tidal wave of funding" revealed "a powerful financial motive for scientists to conclude that the apocalypse is upon us." In an April 2019 interview, Moore said that the Federal Reserve should not consider the economic impacts of climate change in decision making.

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    During a 2016 debate on the minimum wage, Moore stated, "I'm a radical on this. I'd get rid of a lot of these child labor laws. I want people starting to work at 11, 12."

    Moore served as one of the top economic advisers to Donald Trump's 2016 presidential campaign. Moore is known to be a strong supporter of President Trump. In 2018, Moore and Laffer wrote the book "Trumponomics," in which they lauded the Trump administration's economic policies and criticized the economic performance of the George W. Bush years. Trump endorsed the book in a March 2019 tweet. In the book, Moore and Laffer argue that the Trump administration's 2017 tax plan would raise GDP growth rates to as much as 6% and not increase budget deficits. In a 2019 review of the book, N. Gregory Mankiw, a conservative economics professor at Harvard University and head of the Council of Economic Advisors under President George W. Bush, described the book as "snake-oil economics," writing that Moore and Laffer's analysis was based on "wishful thinking" rather than "the foundation of professional consensus or serious studies from peer-reviewed journals."

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    In April 2020, Moore referred to individuals who protested stay-at-home orders during the coronavirus pandemic as "the modern-day Rosa Parks -- they are protesting against injustice and a loss of liberties."

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    Personal life

    Moore was married to Allison Moore until 2011. In 2012, a Virginia court held Moore in contempt of court for failing to pay his ex-wife $300,000 in spousal support, child support and other obligations in his divorce settlement. Moore did not respond to repeated court requests to make payments and failed to appear for a deposition before the court threatened to have him arrested and ordered him to sell his home to make the payments; the court revoked the order at Moore's request after he made a $217,000 payment. In January 2018, the IRS obtained a tax lien against Moore for $75,328 in unpaid federal taxes, interest and penalties, alleging Moore had filed a "fraudulent" tax return in 2014. Moore contended that his accountant made an error in improperly deducting child support payments and that the lien was the result of an IRS miscalculation, though Moore claims to have paid the lien and Montgomery County, Maryland Circuit Court records show the case is closed. In addition to the child support payments, the IRS also disallowed other deductions Moore had claimed.

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