The Koch brothers’ political network says it spent some $400 million on US politics in 2015 and is planning to cash out $899 million to shape this year’s presidential election. The so-called donor network, which is overseen by the conservative billionaires Charles G. and David H. Koch, held its annual winter donor retreat at a luxury resort near Palm Springs, California, on Saturday.
It was revealed in the previous gatherings that the huge budget would allow the organization to operate at the same financial scale as the Democratic and Republican Parties. To put the Koch network’s spending into perspective, it is worth mentioning that in the last US presidential election, the Republican National Committee and the party’s two congressional campaign committees spent a total of $657 million.
The $889 million spending goal for 2016 means that Kochs are ready to spend nearly as much as the campaigns of each party’s final presidential nominee in the race to succeed President Barack Obama into the White House.
The Koch brothers have kept their political and ideological activities a secret and decided to “open up” their network only after President Obama and many other Democratic figures called it a sinister force in American politics.