Kochs to Play Big in 2016—$1 Billion Big

The fundraising goal is more than double what the groups spent in 2012 and would equal what Romney's campaign that year raised.

David H. Koch speaks at the unveiling of the David H. Koch Plaza at the Metropolitan Museum of Art on September 9, 2014 in New York City.

Photographer: Paul Zimmerman/WireImage)
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The political network led by the Koch brothers aims to pump nearly $1 billion into the 2016 presidential race, an unambiguous signal that the powerful Republican donors aren't backing down.

The fundraising goal of $889 million was announced Monday at a summit of 450 wealthy donors and small-government activists in Palm Springs, Calif., an attendee said. It comes a day after the group hosted what was tantamount to the first debate in the Republican primary campaign, with Senators Marco Rubio, Rand Paul and Ted Cruz regaling the private audience for 80 minutes Sunday night.