Beer fortune heir asked to disclose tax returns, financial history

Tuesday, January 24th, 2012
CONTACT: Joanne Kron, Executive Director at 303-991-1900

DENVER: As wealthy Coors fortune heir Joe Coors, Jr. prepares to announce his campaign for Congress early next week, ProgressNow Colorado, the state’s largest online progressive advocacy organization, launched an online petition campaign calling on Coors to immediately release his tax returns going back at least ten years—as well as all other existing records of his finances and charitable donations.

“The citizens of Colorado’s seventh congressional district deserve the honest truth about politicians who ask for their support,” said ProgressNow Colorado executive director Joanne Kron. “As an heir to the vast Coors fortune, and especially given the Coors family’s long history of lavish support for right-wing political groups, it’s absolutely vital that Joe Coors, Jr. fully disclose his sources of income, taxes paid on that income, and donations made to so-called ‘charities’—and that he do so for as many years in his past as possible.”

The Coors family has donated millions of dollars over the years to such right-wing political groups as the Heritage Foundation, Americans for Prosperity, and “Super PAC” political attack group American Crossroads. These donations have been made both by individual Coors family members and family-controlled foundations like the Castle Rock Foundation.

“Prior examples, such as ex-gubernatorial candidate Scott McInnis and more recently presidential candidate Mitt Romney, show the danger of failing to come clean with the media and the voters,” said Kron. “It’s critically important that Joe Coors immediately disclose his finances and donation records, especially donations by any Coors family member to right-wing groups that could be used to support a Coors run for Congress.”