The political network overseen by the conservative billionaires Charles G. and David H. Koch plans to spend close to $900 million on the 2016 campaign. This spending goal was reached at the Koch's annual winter retreat in Palm Springs where assembled millionaires pledged their "lives, honor and sacred fortunes," to the Koch brothers.
With these pledges the Koch's will spend money on a par with the two major political parties. Too, their political infrastructure on the state level rivals that of the Democrats and Republicans.
When this reporter asked about whether he and his brother would form another political party, as rumor has it, David Koch said, "Well, you've let the cat out of the bag. We will form a new party, and here's why: We pretty much control the Republican party in many states now, and our Tea Party members of the House have paralyzed the federal government."
"See. we stopped a lot of liberal legislation, But that isn't enough. There's still too much talk in Washington about climate change, regulation of Wall Street Banks, the decline of the middle class, and in retaining Social Security and Medicare," said Koch who reportedly earns $1.6 million per hour.
"Now, the GOP isn't doing enough of what we want. We need to increase the income gap between the rich and everybody else. In 2016 we'll form a new political party for the Congressional races and call it the 'People's Reform Party.' In 2018 we should win the Presidency because of all of our money and infrastructure. 'People's Reform' has a nice ring to it, doesn't it?," he asked.