Koch Brothers to spend up to $400 million on 2018 cycle
The Koch brothers network plans to spend between $300 million to $400 million on policy and political campaigns during the 2018 election cycle.
According to the Washington Post, “officials revealed the target budget at the start of a three-day donor summit.” The Koch network reportedly intends to “continue expanding their reach at a time when Republicans control Congress and the White House.”
During the 2016 cycle, the Koch network spent about $250 million on its policy and political efforts.
The Washington Post continues by saying, “The funds will be spread across a constellation of groups, including Americans for Prosperity and Freedom Partners Action Fund, along with Concerned Veterans for America, the Libre Initiative and Generation Opportunity, which now operate under the AFP banner.”
The seminar had its highest attendance ever with more than 550 donors. About 200 of the donors that gathered were first-time attendees Overall the network has about 700 donors all of whom give a minimum of $100,000 per year.
The Post went on to note that, “five Republican senators are on hand: Patrick J. Toomey (Pa.), David Perdue (Ga.), Ben Sasse (Neb.), Mike Lee (Utah) and James Lankford (Okla.). So are two House members, Jason Chaffetz (Utah) and Marsha Blackburn (Tenn.). And three governors flew in: Wisconsin’s Scott Walker, Arizona’s Doug Ducey and Illinois’s Bruce Rauner.”
