Yikes: Trump’s Likely Fed Pick Stephen Moore Owes Over $75,000 To IRS

A view of the Internal Revenue Service building is seen on March 27, 2019, in Washington, DC. (Photo by Brendan Smialowski / AFP) (Photo credit should read BRENDAN SMIALOWSKI/AFP/Getty Images)
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March 28, 2019 8:49 a.m.

Stephen Moore, President Donald Trump’s embattled likely nominee for the Federal Reserve, owes more than $75,000 to the IRS due to unpaid taxes from 2014.

According to a Wednesday Bloomberg report, Moore’s wife, Anne Carey, said that the debt stems from a mistaken deduction Moore took for alimony and child care to his former wife, when only alimony is deductible.

The IRS reportedly rejected the deduction and added penalties and interest.

Moore has come under fire recently for what economists see as a baffling lack of qualifications for the job in a clear move by Trump to get a political ally on the board. Moore promised this week that he would not be a “sycophant” for Trump should he get confirmed.

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