The billionaire Koch brothers, Charles and David, spread their money far and wide. They fund free-market think tanks, right-leaning academic organizations, and conservative political advocacy groups, such as the Americans for Prosperity Foundation, which helped cultivate the tea party. The political action committee for the Kochs' massive conglomerate, Koch Industries, has also given generously to big-name conservative politicians throughout the country at both the federal and state level. But when it comes to the 2012 presidential race, the Kochs have been more selective with their giving, with only one presidential candidate so far benefitting from their largesse: Rep. Michele Bachmann (R-Minn.).UPDATE: A friend reminds me that they also gave money to the candidate who ran against Rand Paul.
In late May, KochPAC, as Koch Industries' PAC is known, donated $10,000 in one day to Bachmann-linked committees—$5,000 to her 2012 congressional re-election committee and $5,000 to her political action committee, MICHELE PAC, according to the most recent records available. (That's short for Many Individual Conservatives Helping Elect Leaders Everywhere PAC.) The two checks weren't KochPAC's first contributions to Bachmann. According to federal campaign records, the committee has given $25,000 to the Minnesota congresswoman since 2006, excluding the May donation.
It's unclear whether KochPAC has also donated to Bachmann's presidential committee, which was created in June after she officially unveiled her candidacy. Her campaign has yet to report contributions and expenditures to the Federal Election Commission. But it is worth noting that Bachmann can, under FEC rules, transfer her congressional campaign funds into her presidential war chest, since she suspended her congressional fundraising operation last month. When Bachmann does reveal her latest fundraising haul, a large chunk of it is expected to come from her congressional campaign.
According to campaign records, Bachmann is the only Republican in the presidential race who has received any money from KochPAC in 2010 and 2011. In 2010, the committee did give $50,000 to Texans for Rick Perry, a PAC that supports Texas Republican Governor Rick Perry, who is flirting with the idea of a presidential run but has yet to decide. Indeed, the only other Republican candidate with a history of KochPAC support is hard-line former US senator Rick Santorum of Pennsylvania. Between 1999 and 2005, federal records show, Santorum election committees received $16,000 from the committee.
Friday, July 15, 2011
HOT: Koch Brothers Ignore Ron Paul Give Cash to Bachmann
Reports Mother Jones: