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Free-market advocates assemble coalition, at Trump’s request, to push tax cuts

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thursday

EXCLUSIVE: Free-market economics big wigs, acting on a request from President Trump, have assembled a coalition that aims to be the premier voice in the push to make Trump’s 2017 tax cuts permanent — and to do it as quickly as possible.

Economists Stephen Moore and Arthur Laffer — key figures in crafting the 2017 Tax Cuts and Jobs Act — along with publisher Steve Forbes are spearheading the Tax Cut Victory Alliance, a coalition of taxpayer groups, business groups, state organizations and activists that is urging Congress to permanently extend the cuts in Trump’s first 100 days.

Public announcement of the group comes as financial markets took a tumble over the past few days in reaction to Trump’s promises to implement tariffs.

But the coalition is an example of how free-marketers, even if they cringe at the tariffs, are largely putting those concerns aside as they boost Trump in hopes of quickly securing other tax and economic wins.

“We keep stressing that, because of the recent weakness in the economy and the jitteriness of the stock market, that the sooner that this can get done, the better,” Moore told me in an interview.

TO BE SURE, there are other organizations on the political right pushing for the tax cuts. I wrote last week about Americans for Prosperity’s Capitol Hill push, for instance.

But the major names and groups in the Tax Cut Victory Alliance, already integrated with the White House and congressional leaders, could have the firepower to help keep momentum and get the cuts done sooner rather than later.

“Laffer and Forbes are the two co-chairmen of this effort, and they are probably the two most influential voices on tax policy on the Republican side in the country. So what they say matters,” Moore said. “That's why we'll be the premier voice and activist group in getting this bill through. That’s why Trump asked us to do it.”

The coalition was put together a few weeks ago, Moore said, after he was at the White House with Treasury Secretary Scott Bessent and Trump asked for help in pushing the tax cuts through.

Moore, Laffer and Forbes along with commentator and Trump’s former National Economic Council Director Larry Kudlow previously........

© The Hill