House Speaker Paul Ryan reportedly collected $500,000 in campaign contributions from Charles Koch upon passing the tax reform law, late last year, according to The International Business Times.
Detailed in a recent campaign finance report that was filed on Thursday, Charles Koch and his wife Elizabeth each donated $247,000 to Paul Ryan’s joint fundraising committee.
There were five additional donors, which included billionaire business tycoon Jeffery Hildebrand and William Parfet, who each gave $100,000 in 2017’s final quarter, according to the report.
Charles Koch and his brother David Koch, who head the conservative group Koch Industries, are extremely wealthy billionaires and happen to own one of the largest private corporations in the United States.
The Republican tax reform law that passed in December of last year has served as a huge benefit to Koch Industries, as they saw the corporate tax rate cut from 35 percent to 21 percent, among other perks. The legislation also received a big pat on the back, as it got a boost from the Koch’s multimillion-dollar public relations campaign in order to highlight the tax reform benefits.
Just 13 days after the legislation passed, Charles and Elizabeth Koch followed through with a near $500,000 donation to Team Ryan, which raises funds for the congressman, the National Republican Congressional Committee and also a political action committee which is run by Ryan.
“It looks like House Speaker Ryan is quickly being rewarded for passing this legislation that overwhelmingly benefits the Kochs and billionaires like them,” Adam Smith, who is a spokesman for campaign finance reform nonprofit Every Voice, told IBT.
Ryan’s Democratic challenger in 2018, military veteran Randy Bryce, made sure that these “generous” gifts and the reason for them did not fly too far under the radar:
Paul Ryan passed a 1.5 trillion dollar tax bill that takes from working people to give to the super rich.
Days later, he got $500,000 in Koch contributions.https://t.co/mctzh9RYu8
— Randy Bryce (@IronStache) January 21, 2018
Do you think that the “donations” were a quid pro quo for the passing of the tax reform law? Trump was heard bragging to some of his friends at Mar-a-Lago about how much more rich they would be after the massive tax cuts; do you think this was his plan all along?