Arkansan with inherited Stephens fortune powers Club for Growth | Arkansas Blog

Thursday, September 26, 2013

Arkansan with inherited Stephens fortune powers Club for Growth

Posted By on Thu, Sep 26, 2013 at 1:03 PM

click to enlarge unknown.jpg
It's always worth a reminder that a major motive force for the anti-tax Club for Growth PAC is a wealthy Arkansan who made his fortune the old-fashioned way — he inherited it.

That would be Jackson T. Stephens Jr..

He gets another shout out this week as one of the top five bank-rollers of the Club for Growth in this article by USA Today. He's given more than $1 million to a Club for Growth PAC that is required to report contributions since 2011, the article says. The Club for Growth, a prime mover of the government shutdown lobby, is currently on air in Arkansas with ads pounding U.S. Sen. Mark Pryor in favor of Club for Growth camp follower Tom Cotton. Cotton is the Harvard-educated D.C. corporate  consultant who took a rent house back in Yell County so he could serve in Congress (nominally for the 4th District of Arkansas, but really for the CFG) for a short spell before running for Senate.

Stephens is a "champion for economic freedom," the Club's paid flak says of sponsors. That would be the freedom to enjoy inherited millions without taxation and with minimum government assistance for people less fortunate than he. Stephens has some business ventures, but past court records have indicated he relies heavily on inherited riches built by his father and uncle. He's listed as chair of the Club for Growth board. Peter Thiel, the PayPal founder, was the top giver listed, at $2 million.

The Club's work is credited with creating a division within Republican ranks.

In the end, the Senate voted Wednesday to move ahead with consideration of a House-passed spending bill to keep the government running temporarily. But the fight has divided the Republican Party, pitting high-ranking GOP incumbents, such as Senate Minority Leader Mitch McConnell, against a new brand of conservatives elected in recent years and increasingly influential outside groups like the Club for Growth and the Senate Conservatives Fund, which this week called McConnell and the No. 2 Republican in the Senate, Sen. John Cornyn of Texas, "turncoats."

Club for Growth praised Cruz's speaking marathon.

Tags: , , ,

From the ArkTimes store

Favorite

Comments (9)

Showing 1-9 of 9

Add a comment

 
Subscribe to this thread:
Showing 1-9 of 9

Add a comment

More by Max Brantley

Readers also liked…

  • Judge Griffen: Why black lives matter

    Another few words from Judge Wendell Griffen growing from the controversy over the sale of Black Lives Matter T-shirts at the state black history museum — removed by the administration and restored after protests from Griffen and others stirred by a story in the Arkansas Times:
    • Mar 13, 2016
  • LR speakers blast state board for double standard

    A series of speakers, beginning with Sen. Joyce Elliott, denounced what they saw as a hidden agenda favoring charter schools at the state Department of Education and asked the state Board of Education for return of local control.
    • May 12, 2016
  • Kenneth Starr: A comment from Betsey Wright

    Betsey Wright, former President Bill Clinton's chief of staff when he was Arkansas governor, responds bitterly to a New York Times article today quoting Whitewater Prosecutor Kenneth Starr's warm words about Clinton. She can't forget the lives Starr ruined in Arkansas.
    • May 24, 2016

Most Shared

  • Guest Playlist: Flap Jones of "Not Necessarily Nashville" schools us on real country music

    "Not Necessarily Nashville," which airs on KUAR-FM 89.1 every Saturday, 7 p.m.-9 p.m., celebrates three decades of the "best of the rest of country music" Saturday, October 21 at the White Water Tavern with Brad Williams of The Salty Dogs & The Creek Rocks, and we asked host Flap Jones to curate a playlist for us ahead of that anniversary celebration.
  • Discussion: State killing of the mentally ill

    The Arkansas Coalition to Abolish the Death Penalty and others will have a forum on mental illness and the death penalty at 6:30 p.m. Monday at the Bowen School of Law's Friday Courtroom.

Most Viewed

Most Recent Comments

Blogroll

 

© 2017 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation