Goolsbee’s Mysterious Tweet About the Koch Brothers’ Taxes

Published May 29, 2013 5:40pm ET



In August 2010, Austan Goolsbee, serving at the time as economic adviser to President Obama, told reporters during an anonymous background briefing that Koch Industries doesn’t pay corporate income taxes. That statement was made at the same time that top Democrats, including President Obama himself, were demonizing Charles and David Koch, the owners of Koch Industries, for giving money to Tea Party groups. Goolsbee’s remark led to a federal investigation, the results of which have never been released.

In a September 2010 WEEKLY STANDARD interview, Mark Holden, a lawyer for Koch Industries, disputed Goolsbee’s claim and asked how Goolsbee came up with the idea that Koch Industries doesn’t pay corporate taxes. Holden raised the question of whether someone in the Obama administration might have looked at Koch Industries’ tax returns–which would be a violation of a federal law that was enacted in 1976 in response to Watergate.

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.