Sunday, January 21, 2018

This is why you can't trust Republicans. They are in the pockets of the rich!! They say they are giving a tax cut to the middle class when they are really giving billionaires a tax break.

Paul Ryan Collected $500,000 In Koch Contributions Days After House Passed Tax Law

Just days after the House passed its version of the federal tax law slashing corporate tax rates, House Speaker Paul Ryan collected nearly $500,000 in campaign contributions from billionaire energy mogul Charles Koch and his wife, according to a recent campaign donor report.
From article, (Just days after the House passed its version of the federal tax law slashing corporate tax rates, House Speaker Paul Ryan collected nearly $500,000 in campaign contributions from billionaire energy mogul Charles Koch and his wife, according to a recent campaign donor report.

Koch and his brother David spent millions of dollars to get the tax law passed and are spending millions more in a public relations campaign in an attempt to boost support for the law, The Wall Street Journal reported.

Koch Industries, one of the largest private corporations in the nation, operates refineries and manufactures a variety of products. The new tax law — which slices corporate tax rates from 35 percent to 21 percent, slashes estate taxes and includes a special deduction for oil and gas investors — is expected to save the Koch brothers and their businesses billions of dollars in taxes. 

Just 13 days after the tax law was passed, Charles Koch and his wife, Elizabeth, donated nearly $500,000 to Ryan’s joint fundraising committee, according to a campaign finance report filed Thursday.

Five other donors, including billionaire businessmen Jeffery Hildebrand and William Parfet, each contributed $100,000 in the last quarter of 2017, according to the records.)


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