The political network overseen by industrialist billionaires Charles and David Koch on Saturday pledged to spend nearly $400 million on the midterm elections to defend Republican majorities in Congress and in state legislatures across the country.
The Koch network, meeting for its annual winter donor conference near Palm Springs, Calif., said the investment would also focus on promoting conservative policies and was equal to a 60 percent increase over what it spent in the 2016 presidential election. The campaign was set to include a $20 million expenditure to promote the Republican tax overhaul passed and signed into law late last year.
"We're all in," Tim Phillips, president of Americans for Prosperity, told reporters during a news conference to kick off the conference at the Renaissance Esmeralda Indian Wells Resort and Spa.
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