David Koch

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For Team Koch, It's Trump Who?

Americans for Prosperity has given up presidential race, focuses on GOP's other battlegrounds

(Newser) - The RNC might be holding emergency conference calls as Donald Trump's campaign flounders, but the presidential race might as well be non-existent for David and Charles Koch, the GOP mega-donors who announced months ago that they were sitting on their wallets as far as Trump is concerned. They've... More »

Kochs: No Money for Trump

They'll take their cash to the GOP's Senate races

(Newser) - Charles and David Koch are officially sitting on their wallets when it comes to the candidacy of one Donald J. Trump, reports Fox News, with Charles Koch telling a gathering of conservative elites Saturday in Colorado that "We don't really, in some cases, don't really have good... More »

Kochs: We Won't Try to Stop Trump

They fear attacks wouldn't succeed: sources

(Newser) - More good news for Donald Trump: The Koch brothers won't be spending their billions in an attempt to block him from the Republican nomination. To the thrill of the Republican establishment, rumors had been swirling that the billionaire industrialists would intervene to knock Trump down a peg in a... More »

New Book: Koch Brothers' Dad Dealt With Third Reich

And wealthy family helped fund today's conservative movement, per Jane Mayer

(Newser) - There's been plenty written about the Koch brothers , but a new book offers a fresh take on the controversial family. Prominent among the pages of Jane Mayer's Dark Money is the claim the Koch clan was among a group of rich families that brought to fruition, through their... More »

Koch Network to Spend $900M, Same as Big Parties

Brothers announce huge new goal for 2016

(Newser) - $889 million could buy a good-sized private island or several fighter jets, but can it buy an American election? The billionaire Koch brothers appear to believe so. The brothers and a network of hundreds of other wealthy right-wing donors announced the mammoth spending target at a meeting of the Freedom... More »

Jon Stewart Rewrites Koch Bros' Daily Show Ad

His version isn't quite as flattering

(Newser) - Jon Stewart just realized the Koch brothers have been running ads for Koch Industries during the Daily Show —so Wednesday night he ran the ad in full ... then ran a slightly different version:
  • "We're Koch Industries: not just an energy company, we're in your food, in
... More »

IRS Targets Secret Campaign Cash

Administration looks to limit big-spending groups' political activity

(Newser) - The IRS and Treasury Department are looking to crack down on 501(c)4 groups—tax-exempt organizations that spent a reported $309 million in last year's election without having to reveal their donors. The groups (which the IRS code defines as promoting "the common good and general welfare") are... More »

Koch Bros. Group Meddling in Small- Town Politics

Even candidates who agree with Americans for Prosperity want it to go away

(Newser) - It isn't just state races the Koch Brothers-backed Americans for Prosperity is now getting involved in—the group is also jumping into local politics. In Coralville, Iowa—a town of 19,000 residents—AFP has been campaigning aggressively to influence upcoming mayoral and City Council elections, the New ... More »

You've Never Heard of GOP's Biggest Money Machine

Freedom Partners spent $250M, and there are Kochs involved

(Newser) - The biggest single donor to conservative groups in the last election cycle was a group that, until today, was all but unknown. Freedom Partners spent $250 million in the 2012 race, according to a soon-to-be-filed tax document the group provided to Politico , more than any one group. All of that... More »

Don't Let the Koch Brothers Buy the Media

Harold Meyerson doesn't want the LA Times to become a political tool

(Newser) - The Tribune Company's board likely views the Koch Brothers' attempt to buy its eight newspapers as a purely financial transaction. But almost no one else sees it that way, writes Harold Meyerson at the Washington Post . Thousands of LA Times readers, for instance, have already signed petitions against the... More »

Koch Bros. Look to Buy 8 Newspapers

Could use LA Times and others to spread conservative message

(Newser) - Brothers Charles and David Koch, the billionaire businessmen behind Koch Industries and noted supporters of libertarian causes, are looking to buy into the newspaper business. They're exploring a deal to acquire the Tribune Company's eight regional newspapers, including the Los Angeles Times, the Chicago Tribune and the Baltimore ... More »

Kochs' CEO: 'Consequences' if Wrong Guy Wins Election

Warns workers they could 'suffer' in letter

(Newser) - Koch Industries president Dave Robertson has sent a missive to employees warning that they could "suffer the consequences, including higher gasoline prices, runaway inflation, and other ills," if President Obama is reelected, Yahoo News reports. The letter was included in a voter information packet sent to workers at... More »

Former Exec Sues Koch Brother for Imprisonment

A VP at Bill Koch's Oxbow Corp. says he suspected the company was dodging taxes

(Newser) - Lefties everywhere like to accuse the Koch brothers of everything from buying elections to plotting world domination, but a report by Courthouse News picked up by Huffington Post outlines a truly bizarre accusation involving lesser-known Koch brother, Bill. Seems Bill Koch—the twin of David Koch and younger brother of... More »

Net Worth of 400 Richest Americans Jumped 13%

And those 400 now make up 1/8 of the US economy

(Newser) - It was a good year for America's 400 richest people, who saw their net worth jump 13% to $1.7 trillion, according to Forbes' latest " Forbes 400 " list. For a little context, Reuters notes that that means their combined net worth represents roughly one-eighth of the entire... More »

Koch Billionaire Builds Private 'Old West' Town

Bill Koch reserves town for friends, family, and historians

(Newser) - Jesse James, Wyatt Earp, and General Custer would be proud of Colorado's new town—but they might not be allowed inside. The replica Old West town is billionaire Bill Koch's ode to a pricey obsession: American frontier memorabilia. Built on Koch's 6,400-acre Bear Ranch property, the... More »

Koch-Funded Climate Skeptic: Oops, Humans Are to Blame

Richard Muller now believes man is 'almost entirely' at fault

(Newser) - Physicist Richard Muller co-founded the Berkeley Earth Surface Temperature project three years ago to debunk global warming fears, even getting a hefty grant from the conservative Koch brothers for his work. Last fall, he backtracked a bit , admitting the evidence for global warming was solid, but denying you could prove... More »

Protesters in Boat Try to Crash Romney Fundraiser

Mitt makes $3M with trio of Hamptons events

(Newser) - Mitt Romney held three fundraisers at three private residences in the Hamptons yesterday, and protesters arrived by air, land, and sea. Two men were busted after they tried to sail across a pond to crash Romney's fundraiser at the home of Revlon Chairman Ron Perelman, reports the Los Angeles ... More »

GOP Plans to Drop $1B Ad Bomb on 2012

Super PACs and other outside groups plan a huge blitz for 2012 elections

(Newser) - Republican groups plan to spend a record $1 billion on the November elections, and could outspend Democrats by a margin of 2-to-1. Politico has the details on the spending plans of super PACs and other outside groups: The Koch brothers plan to spend $400 million; Karl Rove's groups are... More »

Koch Bros. Pump $2.5M Into Right-Wing Database

Billionaires aim to repeat Democrats' success

(Newser) - Extending the reach of corporate power into next year's elections , the Koch Brothers are drawing on a wide range of right-wing groups to establish a database of conservative voters, the Guardian reports. Oil billionaires David and Charles Koch pumped $2.5 million into the voter file, called Themis, which... More »

Herman Cain: I'm the Other Koch Brother

He mocks media scrutiny of his ties to the conservatives

(Newser) - Herman Cain is happy to embrace at least one story about him that's emerged of late: his deep ties to conservative power brokers Charles and David Koch. "I'm proud to know the Koch brothers," Cain told their Americans for Prosperity group today, reports MSNBC . "I'... More »

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