"Koch Brothers" refers to Charles G. Koch and his brother David H. Koch, billionaire co-owners of Koch Industries, one of the largest privately-held companies in the world. The New Yorker has described David Koch and his brother Charles Koch as "longtime libertarians who believe in drastically lower personal and corporate taxes, minimal social services for the needy, and much less oversight of industry—especially environmental regulation." The Kochs have built and bankrolled a powerful network of foundations, think tanks, and politically active organizations that try to influence elections and policy.
In the 2012 election cycle, the Kochs and fellow donors backed a "network of politically active nonprofit groups" that was "carefully constructed with extensive legal barriers to shield its donors," raising over $400 million for the election cycle, according to the Washington Post. As the Post explains, a "labyrinth of tax-exempt groups and limited-liability companies help[ed] mask the sources of the money, much of which went to voter mobilization and television ads attacking President Obama and congressional Democrats."
This high level of spending is likely to continue in the 2014 election cycle. The Kochs' Americans for Prosperity reportedly plans to spend $125 million in the 2014 elections, an amount "unprecedented for a private political group in a midterm," according to Politico.
Together the Koch brothers were worth an estimated $94.2 billion as of January 2016.
CLICK HERE to learn more.
In the 2012 election cycle, the Kochs and fellow donors backed a "network of politically active nonprofit groups" that was "carefully constructed with extensive legal barriers to shield its donors," raising over $400 million for the election cycle, according to the Washington Post. As the Post explains, a "labyrinth of tax-exempt groups and limited-liability companies help[ed] mask the sources of the money, much of which went to voter mobilization and television ads attacking President Obama and congressional Democrats."
This high level of spending is likely to continue in the 2014 election cycle. The Kochs' Americans for Prosperity reportedly plans to spend $125 million in the 2014 elections, an amount "unprecedented for a private political group in a midterm," according to Politico.
Together the Koch brothers were worth an estimated $94.2 billion as of January 2016.
CLICK HERE to learn more.
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