David Koch denies pledging “tens of millions” of dollars to Gary Johnson’s campaign

David Koch was the Libertarian Party’s 1980 vice-presidential nominee.

Via American Third Party Report, May 19th, 2016:

Today, Drew Johnson of the DailyCaller.com reported:

Billionaire businessman and philanthropist David Koch has pledged “tens of millions of dollars” to help bankroll the campaign of Libertarian presidential candidate Gary Johnson, according to a source within Johnson’s campaign.

Koch’s money will be made available should Johnson, a former two-term Republican governor of New Mexico, secure his second consecutive Libertarian Party presidential nomination, the source said.

The Libertarians will select their presidential ticket during the party’s national convention later this month in Orlando.

When asked about Koch’s eight-figure pledge to support Johnson, a source close to David Koch did not deny that such an agreement is in place.

Read the rest here.

However, just hours later, Jonathan Swann at TheHill.com reported that:

Billionaire industrialist David Koch has denied through a spokesman that he has pledged “tens of millions” of dollars to support the presidential campaign of libertarian Gary Johnson.

“Reports that we are supporting or considering supporting any third party presidential candidate are false,” Philip Ellender, president and COO of public affairs at Koch Companies Public Sector, said in a statement provided to The Hill.

Citing unnamed sources, conservative news website The Daily Caller reported Thursday that “Koch’s money will be made available should Johnson, a former two-term Republican governor of New Mexico, secure his second consecutive Libertarian Party presidential nomination.”
But later on Thursday, Johnson told The Hill he had not engaged in any conversations with members of the Koch network and that the Daily Caller story had come as a surprise to him.

Read the rest here.

CBSNews.com further added:

Former New Mexico Gov. Gary Johnson, a candidate for the Libertarian party’s nomination for president, is disputing a report that billionaire Republican David Koch has agreed to bankroll his campaign.

“We have no knowledge of it,” Johnson told CBS News when asked about the report, which first appeared on The Daily Caller, a conservative news site. “None whatsoever.”

“You just got to laugh,” Johnson added, chuckling.

A spokesman for the Kochs was likewise dismissive.

“Reports that we are supporting or considering supporting any third party presidential candidate are false,” Philip Ellender told CBS News.

Read the rest here.

11 thoughts on “David Koch denies pledging “tens of millions” of dollars to Gary Johnson’s campaign

  1. Shivany Lane

    The Koch Brothers have enough money to spread around. I would not be a bit surprised if either of them donated to any of our candidates. We will just have to wait until the Q2 FEC filings are posted, then we can look. However the likelihood that they would use a shell company and not their own name or main company is very high. Wealthy people are like that.

    Hey Maybe Dr. Feldman should go visit Sheldon Adelson, kiss the ring of the “kingmaker” and he will have a free ride and no money worries. Oh wait, stop the presses, Adelson is supporting Trump. How ummmm, Vegas of him. Trump isn’t even a member of the tribe.

  2. AMcCarrick

    Shivany Lane….. corporations can’t donate to federal candidates…. so they won’t be using shell corps if they do give to any Lib candidates. The best they could do to give over $2,700 is start a Super PAC.

  3. Be Rational

    Johnson and Koch have to deny this story. It is illegal for campaigns and Super PACs to coordinate their efforts.

  4. Wes Wagner

    Every presidential year like clockwork the fraud begins about money that is coming to try to con delegates into supporting the campaign.

    So far they have fallen for it.

    Is this the year we grow a collective brain? My money is on no. The national party members will get fleeced again.

  5. Andy

    “Wes Wagner
    May 20, 2016 at 09:59
    Every presidential year like clockwork the fraud begins about money that is coming to try to con delegates into supporting the campaign.”

    This reminds me of the $35-$40 million that was supposed to come in for Bob Barr in 2008, which never ended up materializing.

    I knew that there was no way in hell that Barr was going to get that kind of money (And even if he had, would it have still been worth it for the party to throw out its principles?), but a disturbing number of delegates fells for this line of bullshit.

    Will Libertarians get fooled again? I hope not.

    The Who – Wont Get Fooled Again

  6. NewFederalist

    *SIGH* I’m still holding out hope for a last minute libertarian candidate to jump in.

  7. Richard Winger

    Ever since Buckley v Valeo, a 1976 US Supreme Court decision, it has been legal for individuals to make unlimited independent expenditures to candidates for federal office. Citizens United extended that to corporations and labor unions. Independent expenditures are now huge in federal elections for president and congress. It is of little relevance that corporations can’t donate to federal candidates; they just make independent expenditures instead.

  8. Mark Axinn

    Mr. Koch is free to contribute as much as he wants to the LP candidates.

    We welcome his sizable contributions.

    In response to an earlier comment, Dr. Feldman vowed not to take more than $5.00 per donor so he won’t get too much if he is the nominee.

  9. Andy

    A Marc Feldman Super PAC could be set up that could take unlimited contributions and spend them to help Feldman’s campaign.

    The same goes for Darryl Perry, who is only accepting donations in cryptocurrencies and precious metals.

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