CWVRW welcome State Treasurer Riley Moore

BUCKHANNON — Riley Moore—West Virginia’s first Republican State Treasurer in decades—came to Buckhannon to speak to the Central West Virginia Republican Women and guests at the Bicentennial Inn Monday evening.

Moore was introduced by Randolph County Commissioner Mark Scott. Prior to being elected as State Treasurer, Moore served in the West Virginia House of Delegates and before that, worked as a defense staffer on Capitol Hill. Prior to his involvement in politics, Moore was a tradesman and worked as a welder.

He was elected in 2020, beating longtime Democratic incumbent John Perdue, who had served six terms since being first elected in 1997. Moore is the first Republican State Treasurer to serve the Mountain State in nearly 90 years.

Treasurer Moore addressed a multitude of subjects in the political arena, ranging from school choice to the pressure that the Biden Administration is putting on the oil and gas industry, as well as what remains of the coal industry. Moore noted he would be discussing the conflict happening here in West Virginia, and throughout the country. “We are fighting a conflict on three fronts: in our government, in our economy and in our culture,” Moore emphasized.

The Biden Administration recently, under the leadership of Secretary Janet Yellen, has released new guidelines for international banks that would drastically eliminate funding for oil, gas and coal development, and instead seem to focus their funds on building up green infrastructure.

Moore explained that his office has control of every banking contract that West Virginia deals with, which prompted him to join a group of 14 other State Treasurers to combat the Biden Administration’s efforts by threatening to pull their holdings out of the banks that do engage in the cutting of financing for the fossil fuels industry. According to Moore, the worth of the assets that are currently with the banks that are at risk of forfeit is close to $650 billion. “Most of that money is parking in a bank,” Moore explained. Along with Treasurers from these 14 other states, Moore said he plans to let the banks and the Biden Administration know, “If they want to continue down this path, they’re going to lose our business. We are going to take that $650 billion and put it somewhere else, where people are not trying to destroy our jobs, and our economy, and our future.”

Moore’s other focus was on the efforts that his office has made regarding school choice and educational freedom. According to the State Treasurer, enacting the Hope Scholarship program and passing the Jumpstart Savings Act were two of the State Legislature's recent major accomplishments.

The Hope Scholarship is an education savings account program ran by the state, where families can receive $4,600 for any educational expenses their child might incur with private or home schooling. The scholarship covers everything from private school tuition to tutoring, among other costs. The State Treasurer’s Office will be overseeing the program and its implementation.

“This program is so important because of what is happening in our education system right now in our country,” he expressed. Part of Moore’s initiative for this program stems from the fact that “critical race theory” is being taught in the public school system. “Critical race theory is the battle we are facing in regard to culture. This is one of the most destructive ideologies that have come out of the universities in an extremely long time. It is so divisive and puts us into groups of oppressors and oppressed. We are the United States of America; they want the divided States of America,” Moore stated.

The Jumpstart Savings Act allows the creation of a Jumpstart Savings Account that will allow account owners the opportunity to deposit up to $25,000 tax free. This account can only be accessed after the owner graduates from a community college or trade school and desires to pursue the trade, following schooling. Moore explained this was done in large part due to the fact that only 25% of West Virginia’s population has a college degree. However, Treasurer Moore also believes that college isn’t the only option that people have and wants to incentivize them to pursue those alternatives like trade school, which is something he personally pursued as a welder. As of now, it is the only program of its kind in the United States, he noted.

House of Delegates Member Adam Burkhammer, Delegate Ben Queen from Harrison County, who is running for State Senate against current incumbent Mike Romano in his district, Randolph County Commissioner Mark Scott, and Alex Mooney’s Representative Rhett Dusenbury were present to show support of Moore during Monday’s meeting. Moore is the grandson of late Governor Arch A. Moore, Jr., and nephew to current U.S. Senator Shelley Moore Capito.


More In Homepage