Conservative donor Koch urges end to ‘corporate cronyism’

DANA POINT, Calif. (AP) — Billionaire industrialist Charles Koch is challenging a group of roughly 450 like-minded conservative political donors to advocate for ending “corporate cronyism” – policies that in many cases help their businesses.

Along with his brother David, Koch has long pressed for a federal government that collects fewer taxes and issues fewer regulations.

He told a group of donors at a conference Saturday south of Los Angeles that cutting back special treatment for business is the first step to ending a “two-tiered society” and encouraging “principled entrepreneurship”

The Koch brothers and their network of donors are preparing to spend $890 million to influence elections next year. As such, among those in attendance were several of the GOP candidates for president, including Wisconsin Gov. Scott Walker and former business executive Carly Fiorina.

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