And it’s not just that. The one-time Libertarian Party vice presidential candidate confessed that he’s at odds with his Republican allies on a number of other issues as well.
For instance, Koch would like to see American troops brought home from the Middle East. He said he’d be in favor of significant cuts to defense spending. And perhaps most shocking of all, the billionaire admitted he’s not opposed to higher taxes.
“I think it’s essential to be able to achieve spending reductions and maybe it’s going to require some tax increases,” he reportedly said. “We got to come close to balancing the budget, otherwise we’re in a terrible deep problem.”
One thing that Koch didn’t mention to Politico is that his favored candidate, Mitt Romney, wants to deregulate a number of industries that underpin his financial empire, which could save the billionaire industrialist money in the short term and help stave off disruptive new competition in the long term. To that effect, Koch’s political group Americans for Prosperity has been a consistent critic of regulations pertaining to air pollution and fuel efficiency standards, which President Barack Obama supports.
The Koch brothers have suggested they may spend up to $400 million trying to defeat President Barack Obama, the only candidate who’s proposed tax hikes for wealthy Americans and cuts to defense spending. Romney, on the other hand, has promised to lower taxes for the wealthy and make deep cuts to social programs like Medicare, food stamps and Social Security.
Stephen C. Webster is the senior editor of Raw Story, and is based out of Austin, Texas. He previously worked as the associate editor of The Lone Star Iconoclast in Crawford, Texas, where he covered state politics and the peace movement’s resurgence at the start of the Iraq war. Webster has also contributed to publications such as True/Slant, Austin Monthly, The Dallas Business Journal, The Dallas Morning News, Fort Worth Weekly, The News Connection and others. Follow him on Twitter at @StephenCWebster.
Raw Story is a progressive news site that focuses on stories often ignored in the mainstream media. While giving coverage to the big stories of the day, we also bring our readers' attention to policy, politics, legal and human rights stories that get ignored in an infotainment culture driven solely by pageviews.
Founded in 2004, Raw Story reaches 9 million unique readers per month and serves more than 30 million pageviews.