For a Koch brother, money can’t always buy influence

November 3, 2015

Powerful mega donor Charles Koch, who along with his brother David has given heavily to conservative political candidates, said their effort so far to influence the U.S. political theater has largely failed.

KOCH_brothers

David (left) and Charles Koch REUTERS/Handout

 

In an interview on MSNBC’s “Morning Joe” program, Koch said that despite the money the industrialist billionaire pair poured into in the 2014 mid-term election, not much has come from their effort despite Republicans wining back the majority in Congress.

“It looked like we won, but as you can see (by) the performance, we didn’t win much of anything,” he said in the interview, which aired on Tuesday.

“So far we’re largely failures at it,” Koch added when asked about their efforts to reduce government and buy influence, adding that his company’s effort to push back pales in comparison to the billions of dollars that the government and lawmakers wield.

Despite that, Koch said their political group aims to raise $250 million for the 2016 congressional and presidential elections in an effort to curb what he called corporate welfare and Washington’s influence even as he declined to back any presidential candidate.

“I expect something in return. I would love to have the government stop this corporate welfare,” he told MSNBC, although he did not offer any specific changes. “I want the government to let companies or require that companies only profit by helping make other people’s lives better.”

Still, he added that so far the brothers are not publicly endorsing any presidential candidate. Republicans have 15 candidates seeking their party’s nomination in the 2016 race for the White House.

Asked if he saw a promising candidate, he said, “Not in great measure.”

No comments so far

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/