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The Koch brothers launch campaign to pass President Trump's tax cuts
WASHINGTON — In a major jolt of support for President Trump, the powerful political network overseen by conservative billionaire Charles Koch is launching a multimillion-dollar campaign to drive Trump's tax plan through Congress.
Koch, who viewed Trump's candidacy warily, now is racing to build public and congressional support for plans to overhaul the tax code. Trump's one-page tax blueprint, released last month, includes plans to slash the corporate tax rate, reduce taxes for high-income earners and abolish the federal estate tax.
The group plans to throw "the full weight of the network" behind the campaign with the goal of passing a tax overhaul this year, said James Davis, a top official in Koch's Freedom Partners Chamber of Commerce. Davis would not disclose a specific dollar amount but said the effort would include advertising and mobilizing grassroots activists.
The campaign is expected to last into the fall.
The chaos and controversy engulfing Trump's White House threatens to imperil his legislative agenda on everything from taxes to a plan to rebuild the country's infrastructure. But network officials see a window to push the tax plan this year, well in advance of the midterm elections that could risk Republican control of Congress.
Koch, who viewed Trump's candidacy warily, now is racing to build public and congressional support for plans to overhaul the tax code. Trump's one-page tax blueprint, released last month, includes plans to slash the corporate tax rate, reduce taxes for high-income earners and abolish the federal estate tax.
The group plans to throw "the full weight of the network" behind the campaign with the goal of passing a tax overhaul this year, said James Davis, a top official in Koch's Freedom Partners Chamber of Commerce. Davis would not disclose a specific dollar amount but said the effort would include advertising and mobilizing grassroots activists.
The campaign is expected to last into the fall.
The chaos and controversy engulfing Trump's White House threatens to imperil his legislative agenda on everything from taxes to a plan to rebuild the country's infrastructure. But network officials see a window to push the tax plan this year, well in advance of the midterm elections that could risk Republican control of Congress.
https://www.usatoday.com/story/news/politics/2017/05/18/koch-brothers-support-trump-tax-plan/101810990/
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