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Koch Brothers Promote Trump Tax Plan

July 31, 2017 | Laura Friedenbach

Trump’s Plan Prioritizes Tax Breaks for Wealthy Donors Like the Kochs

Washington, D.C. —  The Trump administration rolling out a tax reform effort alongside the billionaire Koch brothers is a sign the administration is prioritizing passing policies to benefit wealthy donors, said money-in-politics watchdog Every Voice.

“In case it wasn’t already clear that this administration’s plan for tax reform is nothing more than cutting taxes on the wealthy donors filling the coffers of the Republican Party, now those wealthy donors are helping with the promotional tour,” said David Donnelly, president and CEO of Every Voice. “Having a former Goldman Sachs alum like Treasury Secretary Steve Mnuchin promote a tax reform plan with top leaders of the billionaire Koch brothers’ network says a lot about where this administration’s priorities lie: with propping up the already wealthy and powerful instead of addressing the most pressing problems facing the rest of America.” 

Top leaders from the Kochs’ network are joining Treasury Secretary Steven Mnuchin at a Washington, D.C. event today to promote the administration’s tax reform plan. While there’s no bill or legislative language put forward by Republicans on tax reform, what the administration has hinted at so far would help the wealthy the most through slashing tax rates on corporations and the richest Americans.

“Policies like this happen because the rules of our democracy are rigged in favor of the wealthy and powerful. Big-money billionaires call the shots, while everyone else is left behind,” continued Donnelly. “The Koch network would have less power and influence in Washington if Congress passed popular policies such as small-donor public financing to limit the power of big money and give everyday people a bigger say in the political process.”

Sen. Dick Durbin (D-Ill.) along with twenty-five co-sponsors recently introduced the Fair Elections Now Act in the Senate to give everyday Americans a bigger say in our democracy, by allowing candidates to run competitive campaigns with small donations from people back home—not big-money donors in Washington. The bill is similar to the Government By the People Act introduced in the House by Rep. John Sarbanes (D-Md.) with 156 co-sponsors. Last week, Democratic Leader Nancy Pelosi (D-Calif.), Rep. Sarbanes, and members of the House Democracy Reform Task Force unveiled the By the People Project, a comprehensive package of democracy reform bills including the Government By the People Act aimed at fighting back against attacks by President Donald Trump and Republicans in Congress on our democracy.

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Every Voice is a national organization fighting for a democracy that works for everyone.