Koch Brothers Budget of $889 Million for 2016 Is on Par With Both Parties Spending
Key Excerpts from Article on Website of New York Times
Posted: February 2nd, 2015
The political network overseen by the conservative billionaires Charles G. and David H. Koch plans to spend close to $900 million on the 2016 campaign, an unparalleled effort by coordinated outside groups to shape a presidential election that is already on track to be the most expensive in history. The spending goal ... would allow their political organization to operate at the same financial scale as the Democratic and Republican Parties. It would require a significant financial commitment from the Kochs and roughly 300 other donors they have recruited ... to influence legislation and campaigns across the country, leveraging Republican control of Congress and the partys dominance of state capitols to push for deregulation, tax cuts and smaller government. The [increased budget] reflects the rising ambition and expanded reach of the Koch operation. In 2012, the Kochs network spent just under $400 million, an astonishing sum at the time. The $889 million spending goal for 2016 would put it on track to spend nearly as much as the campaigns of each partys presidential nominee. The Kochs are longtime opponents of campaign disclosure laws. Their network is constructed chiefly of nonprofit groups that are not required to reveal donors.
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