Treasury’s Mnuchin Just Gave the Koch’s Dark Money Machine a Bonanza
Treasury’s Mnuchin Just Gave the Koch’s Dark Money Machine a Bonanza By Pam Martens and Russ Martens – Wall Street on Parade
The Trump administration has been the gift that keeps on giving to billionaire Charles Koch’s vast network of political front groups known as the Kochtopus. Its democracy-smothering tentacles have wrapped themselves around everything from the U.S. judicial system, to elections, to climate change, higher ed, news dissemination, and how laws are made in Washington and at the state level. (See related articles below.)
Charles Koch’s wealth, and that of his brother, David, derives from their majority ownership of Koch Industries, one of the largest private corporations in the world with major interests in fossil fuels, chemicals, paper products, and commodities trading. Forbes puts their net worth at $51 billion each.
The Trump administration, now packed full of Koctopus operatives, has been rapidly running a playbook for the Koch machine: withdrawal from the Paris Climate Accord – check. Tax cuts for corporations and the rich – check. Gut the Environmental Protection Agency – check. Make their ally, Betsy DeVos, Secretary of Education – check. Gut Federal regulations – check. Build skepticism toward NATO – check. The list goes on and on.