The White House stands behind Trump's Federal Reserve Board nominee, who owes $75,000 in taxes to the IRS.
Stephen Moore owes $75,000 in taxes to the IRS, and was once held in contempt of court for failing to pay $300,000 in child support, alimony and divorce settlement payments to an ex-wife who he cheated on "openly and tastelessly" during their marriage.
Yet the White House is standing behind Moore's nomination to the Federal Reserve Board, a powerful board that helps set monetary policy in the U.S.
"I spoke to the president yesterday. He completely supports Steve. I certainly do," National Economic Council Chairman Larry Kudlow said Wednesday at a Christian Science Monitor breakfast.
Kudlow added that, "People are being awful hard on" Moore, saying that, "This town is a toxic town in some respects." (Of course, Trump has contributed to the toxicity of Washington, D.C., unleashing petty and mean-spirited attacks on political foes, both on the left and right.)
"So we are fully behind him," Kudlow said of Moore. "He's a smart guy and I think he will be a breath of fresh air in the Fed. So far it's all systems go."
Trump nominated Moore to the role on March 22, after reading some of Moore's columns.
As a columnist and Fox News regular, Moore has unleashed crazy economic theories, including that unemployment insurance is like a "paid vacation" for job hunters, and that paid sick leave for full-time employees is "very dangerous."
But it's not surprising the White House would stick by Moore.
Published with permission of The American Independent.