#HedgePapers No. 34 – Rigging the System: How Hedge Fund and Private Equity Billionaires Are Manipulating New York Elections With Help from the Karl Rove-Koch Brothers Empire

23 Aug 2016
“New Yorkers for Independent Action” is a new three-million-dollar Super PAC trying to buy elections in middle-class, working-class and low-income communities from the Bronx to Long Island.[1] We’ve prepared this paper so that the public can understand how “New Yorkers for Independent Action” is spending their big bucks: On TV ads Utilizing The Karl Rove-Koch Brothers Media-Buying Arm On Scandal-Linked Field Consultants in Brooklyn On Republican Election Lawyers in Albany On Scandal-Linked Mail Consultants In Westchester On Who Knows What with an Anonymous LLC in the Bronx On Limousines, Hotels, Flights to Miami And High-End Meals It’s the latest political effort from the Invest in Education Foundation, the same folks who lobbied for lavish refundable tax credits for billionaire and millionaire donors to elite private schools and privatized charter schools in 2015.[2] So far, they haven’t been able to pass their special tax break legislation in Albany, despite support from Republicans in the State Senate and from Governor Andrew Cuomo. ... Read More

#HedgePapers No. 16 – Hedge Fund Billions Boost Cuomo’s Privatization Push

8 Jun 2015
HEDGE FUND BILLIONS BOOST CUOMO’S PRIVATIZATION PUSH Why Won’t Hedge Funders Confess Their Role in Multi-Million-Dollar Lobbying Campaign? More than $13 million has been spent since 2014 by two charter/privatization groups trying to eliminate New York’s cap on charter schools and win backing for an unprecedented tax credit that would divert huge amounts of public resources into private schools.... Read More
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#HedgePapers No. 15 – Cuomo’s Cronies: How Private School Billionaires Are Banking On Tax Credits From The Governor

28 May 2015
Cuomo’s Cronies: How Private School Billionaires Are Banking On Tax Credits From The Governor Cuomo’s Latest Scheme: Tax Refunds for Billionaires Who Donate to Elite Private Schools and Privatized Charter Schools Andrew Cuomo is probably the first Democratic governor in history to back tuition tax credits and taxpayer-funded subsidies to wealthy families who send their children to elite private schools.... Read More
Hedge Papers #15 cover