Wealthy Conservatives Gather At Koch Retreat

Kock Brothers Health Law
AP

Wealthy donors that make up conservative activists Charles and David Koch's network are meeting for their biannual gathering this weekend outside Palm Springs, California.

The three-day "Summit" begins just two days before the Iowa caucuses, the first major nominating stage in the presidential election.

As a whole, the group has not yet monetarily engaged in this political cycle (some have given independently), but the Kochs have said they have budgeted to spend up to $900 million on political activity in 2016.

The network spent nearly $400 million in the in the last presidential cycle, which is on par with what the Republican Party spent. 

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