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TOPIC: Koch brothers secret bank

Koch brothers secret bank 14 Sep 2013 19:45 #1

  • mikey mikey
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An Arlington, Va.-based conservative group, whose existence until now was unknown to almost everyone in politics, raised and spent $250 million in 2012 to shape political and policy debate nationwide.

The group, Freedom Partners, and its president, Marc Short, serve as an outlet for the ideas and funds of the mysterious Koch brothers, cutting checks as large as $63 million to groups promoting conservative causes, according to an IRS document to be filed shortly.


Read more: www.politico.com/story/2013/09/behind-th...9.html#ixzz2etTb9knc

Freedom Partners is organized under the same section of the Tax Code as a trade association, a 501(c)6, which allows the group to conceal its donors from public release, although the amounts and recipients of its major grants are public.

The filing offers a rare tour of the conservative movement and how it gets its funds:

• Center to Protect Patient Rights, a group that vehemently opposes Obamacare: a total of $115 million, from three grants.

• Americans for Prosperity, an organizing and advocacy group that is courted by Republican presidential candidates: $32.3 million.

• The 60 Plus Association, a free-market seniors group that also opposes Obamacare: $15.7 million.

• American Future Fund, an Iowa group that spent a lot of money on ads in 2012, many for Mitt Romney: $13.6 million.

• Concerned Women for America Legislative Action Committee, which gets involved in a number of social policy debates: $8.2 million.

• Themis Trust, a Koch-based voter database that is made available to other conservative organizations: $5.8 million.

• Public Notice, a fiscal policy think tank: $5.5 million.

• Generation Opportunity, a group for “liberty-loving” young people: $5 million.

• The LIBRE Initiative, which targets a free-market message to Hispanic immigrants: $3.1 million.

• The National Rifle Association: $3.5 million.

• The U.S. Chamber of Commerce: $2 million.

• American Energy Alliance: $1.5 million.

• And several groups — including the State Tea Party Express, the Tea Party Patriots and Heritage Action for America — got less than $1 million each.


Read more: www.politico.com/story/2013/09/behind-th...9.html#ixzz2etSb5YUU

In other news
Koch Brothers Break New Ground in Dark Money

The billionaires' latest group could be the first in a new class of campaign finance weapons.
www.nationaljournal.com/politics/koch-br...-dark-money-20130913

tpmmuckraker.talkingpointsmemo.com/2013/...rs_koch_brothers.php

www.huffingtonpost.com/2013/09/11/the-ko...-bank_n_3910597.html
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