Mere days after the House of Representatives passed their version of the tax law slashing corporate tax rates, Speaker Paul Ryan gladly collected around $500,000 in campaign contributions from billionaire Charles Koch and his wife.
Koch and his brother spent millions to get the bill passed, and are now spending billions to publicize what they see as its benefits, mainly tax breaks for the ultra-wealthy like themselves, according to The Wall Street Journal report. The Koch brothers are set to see their businesses save billions of dollars in taxes thanks to the bill.
Several other billionaire donors also contributed $100,000 each in the last quarter of 2017.
Less than 2 weeks the tax bill was passed, Charles Koch and his wife, Elizabeth, donated nearly $500,000 to Paul Ryan’s joint fundraising committee, according to a campaign finance report.
The Koch donations were funneled through Team Ryan – which is how Paul Ryan raises political donations – , the National Republican Congressional Committee and a PAC run by Ryan. On the same day, Charles and Elizabeth Koch also each donated $237,000 to the NRCC.
“It looks like House Speaker Ryan is quickly being rewarded for passing this legislation that overwhelmingly benefits the Kochs and billionaires like them,” claims Adam Smith, spokesman for campaign finance reform nonprofit group Every Voice, which first reported the Koch contributions.
That’s exactly what it looks like, because that’s exactly what it is.
It’s not even surprising any more. It will be interesting to her Paul Ryan’s response to questions about the suspicious timing of the money trail.