Koch Brothers and George Soros Bankroll 2014 Midterms

Koch

The Koch brothers and George Soros continue to bankroll the upcoming 2014 midterm elections. Much has been made in recent years about the role of outside contributions, political action committees (PAC,) and the individuals that finance them. The 2014 midterm elections look to continue this trend as powerful backers are already lining up on both sides of the political aisle to pour money into the election. The sources of this financing are many and diverse, but much of the attention and criticism this election cycle is falling on the Koch brothers and George Soros.

Charles and David Koch are outspoken conservative businessmen and financiers. They are the founders and primary contributors to a conservative PAC called Americans for Prosperity (AFP.) This PAC was founded in 2004 and its activities were considered to be a major factor in the Republican takeover of the House of Representatives in the 2010 midterm elections. The recent activities of the group have been focused on opposition to the Affordable Care Act (ObamaCare) and the Democratic politicians who supported it. The recent special election in Florida in which Republican David Jolly defeated Democrat Alex Sink was considered a “test case” for the strategy of AFP in the 2014 midterms. AFP was responsible for a significant advertising presence in the contest, highlighting Sink’s support of ObamaCare.

Building on the strategy developed in the Florida special election, AFP and the Koch brothers are making large advertising purchases in a number of 2014 contests. The majority of these activities are focused on vulnerable Senate Democrats as the Republican Party attempts to regain a majority in that chamber to go along with their control of the House. AFP has already spent $8.2 million on advertisements in the state of North Carolina hoping to unseat incumbent Democrat Senator Kay Hagan. If they maintain that pace through Election Day, AFP will have spent nearly $27 million on that contest alone. Democratic leaders have sharply criticized the role of the Koch brothers, calling the influence of a couple of rich businessmen “undemocratic.” They too have their own sources of outside financing however. Both the Koch brothers and George Soros are in a position to bankroll the 2014 midterm elections.

Koch
George Soros, the Koch Brothers opposite number.

Billionaire currency trader George Soros stands as liberal version of the Koch brothers. He is similarly outspoken in his political views and his willingness to spend money on the electoral process. His political activity in the United States also dates to 2004. That year he called the effort to defeat President George W. Bush “a matter of life and death” and that he would give up his entire fortune if it would guarantee Bush’s defeat. He was one of the founders of the Center for American Progress, a liberal PAC, and supports many liberal and progressive organizations through his Open Society Foundation.

His more recent political activity has included contributions to President Barack Obama’s reelection campaign in 2012 as well as a donation to a group that is seeking Hillary Rodham Clinton’s nomination for the presidential election in 2016. It is expected that Soros’ contributions to liberal PAC’s and Senate campaigns will be essential for those groups to offset the influence of conservatives such as the Koch brothers. This would be in keeping with Soros’ history as he has a record of significant contributions to not only the Center for American Progress but other advocacy groups such as MoveOn.org as well as the Democratic National Committee.

The role of outside political contributions has increased significantly over the past decade. Financiers both liberal and conservative alike continue to pour money into the electoral process in ever increasing amounts. This upcoming election will prove no different as both the Koch brothers and George Soros bankroll the 2014 midterm elections.

By Christopher V. Spencer
On Twitter @CVSpencer79

Sources:

The New York Times
FOX News
Politico
The Orlando Sentinel

11 Responses to "Koch Brothers and George Soros Bankroll 2014 Midterms"

  1. Robin   January 27, 2015 at 10:30 am

    Funny, Soros is a convicted felon. Where is that in your report? Or how he has collapsed currency markets, hurt retirees all for his profit.

    Reply
  2. gorgesuperclub   October 13, 2014 at 9:58 am

    Articles like this promote a false equivalency. There is a huge difference between the political giving by Soros and that done by the Koch brothers. The Kochs give to causes and candidates that support positions that would be of direct financial benefit to them and their web of family owned corporations. They are not really political so much as they are given to those who support policies that would further enhance their own wealth. Soros on the other hand, gives to candidates and causes that have nothing to do with his personal wealth. In fact he gives to candidates who would reduce his own wealth by enacting higher taxes on estates (death taxes) and raise income taxes on the upper income brackets. In other words, Soros political giving is not self serving. Koch political money is entirely self serving.

    Reply
    • M.J. Bowes   November 5, 2014 at 8:43 am

      I could not agree with you more! Well said, so I cannot add to your comment but I can definitely appreciate your words.

      Reply
  3. gorgesuperclub   October 13, 2014 at 9:52 am

    The Kochs actually have been found guilty of many crimes and they and their family owned corporations have paid 10s of millions of dollars in fines for offenses that were felonies in the USA.,
    The only “crime” that Soros was found guilty of was by a 4 to 3 vote of a French court of appeals on prosecution for a crime that had never before been prosecuted. 3 of the judges would have dismissed the case. But four upheld the conviction but reduced the penalty from 24 million dollars to NOTHING! Essentially the judges did not think what Soros did merited prosecution but they felt obligated to support in some small way the party that appointed them to their position. It’s bad enough that the Kochs spend 10s of millions on smear advertising that is all lies and misinformation. but to slander Soros, and defend the Kings of Corporate crime in America and support what they do is anti democratic (small d) and a perversion of our entire system of government.

    Reply
  4. Claudia Collette Scarbrough   October 7, 2014 at 2:33 pm

    Hope the Koch brothers and George Soros cancel each other out. Damn Citizens United. Wonder why they call it that? It means corporations are people and can give all they want to campaigns. How is that citizens united?

    Reply
  5. Rip Van Shizzle (@ripvanshizzle)   September 15, 2014 at 10:51 am

    Simpleton fools. These guys always hedge their bets.

    http://www.truthrevolt.org/news/obama-biden-schumer-and-hillary-clinton-took-koch-brothers-money

    Reply
  6. someone   July 3, 2014 at 8:45 pm

    Definitely Koch brothers are NOT like Soros, they are libertarians.

    Reply
  7. RBeigher   May 28, 2014 at 2:14 pm

    George Soros, a Hungarian Jew was 14 years. He, like many other jews were forced to do work for the nazis. He did not commit war crimes as Heerm claims. See the link below. http://message.snopes.com/showthread.php?t=43876

    Reply
  8. Elaine   April 9, 2014 at 5:18 pm

    George Soros is unadulterated evil and he owns the party dude in the Oval Office.

    Reply
  9. paintingtruth   March 24, 2014 at 2:04 pm

    Any comparison of Soros to the Kochs is woefully misinformed.

    Reply
    • Heerm   March 27, 2014 at 9:27 am

      Yes, the Kochs have never been found guilty of crimes nor helped the Nazis

      Reply

Leave a Reply

Your email address will not be published.