Koch Brothers’ Senator Pushed Tax Break For ‘Dark Money’ Groups

With Republican megadonors like Charles Koch, 82, and his brother David, 77, advancing in age, a top GOP senator from the Kochs’ home state has proposed a special tax break for moguls who bequeath their riches to so-called “dark money” groups that advocate for policies and bankroll lawmakers’ election ads. Though Kansas Sen. Pat Roberts’ proposal… Please follow and like us:

Read More

Koch-Funded Academics Infiltrate The Trump Administration

Things have changed since then-presidential candidate Donald Trump tweeted that the Koch brothers “cannot influence Trump!” in July 2015. Or in November of that year when he tweeted that Charles Koch was “looking for a new puppet” after Scott Walker’s and Jeb Bush’s campaigns failed. Or in February 2016, when Trump repeated his puppet claims in… Please follow and like us:

Read More

Senate GOP advances tax bill toward vote later this week, but changes still being made

WASHINGTON — Senate Republicans pushed their tax plan past another key hurdle Wednesday, a show of momentum for President Donald Trump’s top priority even as frantic negotiations with Republican holdouts made final passage uncertain. The 52-48 vote, with all Democrats opposed, marked an important milestone as Republicans in Congress scrambled to deliver a significant accomplishment by… Please follow and like us:

Read More

Meredith, backed by Koch brothers, to buy Time Inc. for $2.8 billion

Magazine publisher and broadcast company Meredith Corp. said it will acquire Time Inc. in a deal valued at $2.8 billion, a further sign of the steep challenges facing the print magazine industry. The Des Moines-based company said it agreed to pay $18.50 a share for New York-based Time Inc., the publishing company that owns the magazines… Please follow and like us:

Read More

Foreign excise tax for U.S. companies could pose problems for tax bill

WASHINGTON — A complicated excise tax proposed for foreign transactions by multinational companies looms as potential problem for the House Republican tax bill. Conservative groups aligned with the wealthy Koch brothers have compared the provision to a border-adjustment tax that they helped kill this summer. Those groups, including Freedom Partners, were pushing for the excise tax… Please follow and like us:

Read More

US Treasury Cites Koch-Funded Research

In a rare instance of one federal agency publicly attacking another, the U.S. Department of the Treasury issued an 18-page report Monday excoriating the Consumer Financial Protection Bureau’s proposed arbitration rule, which would prevent financial institutions from preventing class action lawsuits from customers via consumer contracts. In doing so, the department cited a paper co-authored by… Please follow and like us:

Read More

There Are More Than 2,000 Billionaires, Forbes Reports

Few financial lists generate as much excitement as Forbes’ annual Billionaires List, which ranks the world’s richest people. From titan investors to the reigning royalty of the tech world, the usual suspects tend to top the list and consistently make the cut year after year, from Bill Gates to Warren Buffett. For 2017, Michael Bloomberg ranked… Please follow and like us:

Read More