Charles Koch Blasts Subsidies & Tax Credits, But His Firm Has Taken $195 Million Worth of Them

By David Sirota

Billionaire Charles Koch told a gathering of conservative donors Saturday that politicians must end taxpayer-funded subsidies and preferential treatment for corporations. That message, though, came from an industrialist whose company and corporate subsidiaries have raked in tens of millions of dollars worth of such largesse.

The Koch-organized conference at a luxury resort in Southern California reportedly attracted roughly 450 conservative donors who have committed to spending nearly $900 million on the 2016 presidential election. The event also is scheduled to include Republican presidential candidates such as former Florida Gov. Jeb Bush, Texas Sen. Ted Cruz, Wisconsin Gov. Scott Walker and Florida Sen. Marco Rubio.