The conservative Koch brothers have managed to win approval of several policies and pieces of legislation they favored during President Donald J. Trump’s first year in office, according to documents leaked to an online investigative media outlet.
Billionaire industrialists Charles and David Koch have taken credit for several policies and initiatives including:
— A rollback of environmental regulations that were deemed costly to industry;
— Large tax cuts and other reforms for corporations (and individuals);
— Approval of new oil/gas pipeline projects including the Dakota Access Pipeline;
— Withdrawal from the Paris Climate Accords;
— Repeal of the Obama-era Clean Power Plan.
“This year, thanks in part to research and outreach efforts across institutions, we have seen progress on many regulatory priorities this Network has championed for years,” the memo notes. [source]
The document also notes that the Koch brothers have donated heavily to key Republican lawmakers including a PAC associated with House Speaker Paul Ryan, R-Wis.
It also notes that the brothers seek to reshape the federal judiciary with a more conservative influx of federal judges and to weaken the power of labor unions. [source]
Analysis: After eight years of Left-leaning governance from the Obama administration, which of course benefitted liberal donors, conservative/libertarian donors have similarly found a friend in Donald J. Trump. But the fact is, most serious analyses of government policies will bear out the claim that the heavier the regulatory burden the less economic growth the country experiences. With every regulation comes a compliance cost on businesses and industry; those costs are passed along to consumers and the general economy as a whole.