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: , , ,


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

  • Feds bust Central Arkansas drug ring

    The U.S. attorney's office in Little Rock announced today the indictment of 31 people on 53 drug, gun and money laundering charges in a Central Arkansas drug distribution operation supplied from California.
    • Sep 20, 2018
  • Six Supreme Court justices found to have violated ethics code

    The Arkansas Judicial and Disability Commission has announced the filing of formal charges of ethics violations against six members of the Arkansas Supreme Court for their handling of a case involving Circuit Judge Wendell Griffen.
    • Sep 20, 2018
  • Thursday's open line

    A light news day unless your name is Brett Kavanaugh. Here's the open line.
    • Sep 20, 2018
  • More »

Readers also liked…

  • Trump immigration protest at LR: Quick and fierce

    It was not even 24 hours ago that Sophia Said, director of the Interfaith Center; City Director Kathy Webb and others decided to organize a protest today of Donald Trump's executive order that has left people from Muslim countries languishing in airports or unable to come to the US at all — people with visas, green cards,a  post-doc graduate student en route to Harvard, Google employees abroad, families. I got the message today before noon; others didn't find out until it was going on. But however folks found out, they turned out in huge numbers, more than thousand men, women and children, on the grounds of the state Capitol to listen to speakers from all faiths and many countries.
    • Jan 29, 2017
  • The LR chamber does the public's business. Is it accountable? Blue Hog on the case.

    Matt Campbell, lawyer and Blue Hog Report blogger, has sent a Freedom of Information Act request to Jay Chessir, director of the Little Rock Regional Chamber of Commerce, and Mayor Mark Stodola related to the publicity stunt yesterday  built around withdrawing from the mayor's rash pronouncement that the city would seek an Amazon HQ2 project even though the city  didn't meet the company's criteria.
    • Oct 20, 2017
  • Your daily dose of Jason Rapert

    Sen. Jason Rapert really, really didn't like it when a KATV reporter asked him about the hypocrisy of his political arguments.
    • Feb 4, 2017

Most Viewed

Most Recent Comments

  • Re: Thursday's open line

    • This Coward Trump quote from the article linked below is my pick for "Idiot's Quote"…

    • on September 20, 2018
  • Re: Thursday's open line

    • Franklin Graham hearts him some BP Oil. Yeah, THAT BP, who befouled the Gulf. FYI:…

    • on September 20, 2018
  • Re: Thursday's open line

    • Would that Franklin Graham asshat contend that the fact that this is okay, because it…

    • on September 20, 2018
 

© 2018 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation