Sunday, August 2, 2015

Toby Neugebauer: #2 on the list of a 'small pool of rich donors'

Small Pool of Rich Donors Dominates Election Giving. (The New York Times, 8/1/2015)
Toby Neugebauer, a private equity investor in Puerto Rico — a home he adopted two years ago that has more favorable tax laws — gave $10 million.

Related article:
The Man Behind the $10 Million Donation to a Ted Cruz ‘Super PAC’.  (The New York Times, 7/31/2015)
According to The Texas Observer, he has been known to fly Rick Perry, the former governor of Texas, on his private jet to discuss the energy industry and gas drilling in North Texas’s Barnett Shale formation. Mr. Neugebauer also donated more than $100,000 to Mr. Perry in previous election cycles.

These days Mr. Neugebauer is mingling with lawmakers such as Mr. Cruz from afar. In 2014 he moved to Dorado, Puerto Rico, raising questions among some in Texas as to whether he was seeking a more hospitable tax climate.

Mr. Neugebauer told Bloomberg News at the time that he had moved to Puerto Rico so his children could learn Spanish and attend a better school.

My guess is that Toby has multiple bridges for sale.

Related posts:
Robert Mercer: At the top of the list of a 'small pool of rich donors'.  (8/2/2015) 
How to avoid creating the appearance of undue influence with your Super PAC donation: Keep it at $1,000,000 or less! (7/12/2015)
Billionaire boys and their political toys.  (7/12/2015)

No comments: