Koch brothers’ Americans for Prosperity plans $125 million spending spree [View all]

[aggiesal]

Source: Politico

By KENNETH P. VOGEL
The Koch brothers’ main political arm intends to spend more than $125 million this year on an aggressive ground, air and data operation benefiting conservatives, according to a memo distributed to major donors and sources familiar with the group.

The projected budget for Americans for Prosperity would be unprecedented for a private political group in a midterm, and would likely rival even the spending of the Republican and Democratic parties’ congressional campaign arms.

The group already has spent more than $35 million on ads attacking vulnerable Democrats in key Senate and House races, according to sources, including Sens. Kay Hagan of North Carolina, Mary Landrieu of Louisiana and Mark Pryor of Arkansas. The $125 million projection comes from a memo obtained by POLITICO, labeled as a “Confidential Investor Update” provided to major donors in March, but a source familiar with AFP called the figure a “very conservative estimate. We’re on track for more than that.”.

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Read more: http://www.politico.com/story/2014/05/koch-brothers-americans-for-prosperity-2014-elections-106520.html

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$125M exceeds the total 2012 fundraising totals of both the Democratic Congressional Campaign Committee and Democratic Senatorial Campaign Committee.