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INTERNATIONAL & MULTICULTURAL ISSUE - Odwyerpr.com

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Koch industries gives Lincoln Center PR headacheAbout 1,000 people gathered in front of the Lincoln Center onMay 11 to protest David H. Koch, whose name now christensthe famous theater’s walls.By Jack O’DwyerAlarge sticker was placed on the theater’swall above the name withthe inscription, “I’m the TeaParty’s Wallet.”Promoters of the event, who host thesite www.kochbrothers exposed.<strong>com</strong>, provideda live marching band, sang songs,and gave out popcorn. A goal of the protestersis renaming the theater.A film exposing the alleged abuses ofDavid and Charles Koch was projected onan outside wall of the theater. David is therichest person in New York City, accordingto Forbes magazine. He gave $100million to refurbish the theater in 2008 andlater gave $2.5 million to the ballet <strong>com</strong>panyitself.NYCB, despite the gift, faces a $6 millionbudget shortfall this year. Dancersreceived no pay increase last year and willget a 2.5% hike this year.The New York Times and New York Postdid not report the incident.The Koch Brothers are accused by theprotesters of “representing the worst of thecorrosive elements that have turned ourdemocracy into a pay-to-play system ofgovernment — a system where the corporateelite are able to continuously extendtheir power, wealth and influence whilethe majority of citizens are relegated furtherand further to the margins.”The group says the brothers have fundedthe “Tea Party which has be<strong>com</strong>e thetip of a right wing spear that will neverstop seeking tax cuts for the rich.”Praised in the group’s website are theactivities of George Soros, a billionairewho has supported liberal causes andDemocratic candidates.One part of the site has a list of alleged“evil” activities of the Koch Brothers setalongside alleged “good” activities ofSoros.‘Political’ gifts may be taxedPolitical gifts of donors like the Kochsand Soros, which have escaped taxation,may no longer be able to do so under a newinitiative of the Internal Revenue Service.The IRS has sent letters to five suchdonors, who were not identified, sayingtheir gifts to politically active foundationsmay be taxed if they exceeded legal limits.Such donors have “proliferated and funneledvast sums of money in support ofcampaigns and causes without having topublicly disclose themselves,” said theNew York Times May 13.The Kochs have been involved with anumber of political entities including theconservative “Americans for Prosperity”while Soros has given “more than $12 million”to liberal advocacy groups likePriorities USA Action, said the NYT.Companies and individuals can contributeto non-profit groups registeredunder 501/c/4 of the tax code but the primarypurpose of such groups cannot bepolitical.Individuals may be taxed at 35% on anygifts exceeding $13,000 in a year ($26,000for a couple). JUNE 2011 WWW.ODWYERPR.COM 17

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