Bannon to GOP candidates: If you take Koch money, 'you are going to pay'

Bannon to GOP candidates: If you take Koch money, 'you are going to pay'
© Greg Nash

President TrumpDonald John TrumpTrump nominates Jeffrey Rosen to replace Rosenstein at DOJ McCabe says ‘it’s possible’ Trump is a Russian asset McCabe: Trump ‘undermining the role of law enforcement’ MORE's former White House chief strategist Stephen Bannon is warning Republican candidates not to take money from the conservative Koch network — or face consequences.

"You take Koch money, it's going to be toxic," Bannon told CNBC in an interview. "We are going to let people know that if you take Koch money there's a punishment.

"If you take money from people who are against the president and are looking to put a knife in the back of the president, you are going to pay."

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Bannon's comments came amid signs of tensions between the Koch network and President Trump.

The Koch network has said it would freeze out Republicans who break with its fiscally conservative policy priorities, at least for now, and that it plans to back only a handful of candidates in Senate races in Florida, Wisconsin, Tennessee and Missouri.

The Koch network, a web of conservative groups funded by billionaire industrialist Charles Koch, has long been a forceful player in conservative politics in the U.S. This election cycle, the network is slated to spend about $400 million on politics and policy initiatives.

But it has broken with President Trump and some of his allies in Congress on issues such as spending and government trade. And the Koch network declined to endorse Rep. Kevin CramerKevin John CramerSenators highlight threat from invasive species Overnight Defense: Top general wasn't consulted on Syria withdrawal | Senate passes bill breaking with Trump on Syria | What to watch for in State of the Union | US, South Korea reach deal on troop costs GOP senators think Trump would win vote on emergency declaration MORE (R-N.D.), who is challenging Sen. Heidi HeitkampMary (Heidi) Kathryn HeitkampOvernight Energy: Trump taps ex-oil lobbyist Bernhardt to lead Interior | Bernhardt slams Obama officials for agency's ethics issues | Head of major green group steps down Trump picks ex-oil lobbyist David Bernhardt for Interior secretary On The Money: Shutdown Day 27 | Trump fires back at Pelosi by canceling her foreign travel | Dems blast 'petty' move | Trump also cancels delegation to Davos | House votes to disapprove of Trump lifting Russia sanction MORE (D) for her Senate seat in North Dakota.

The announcement drew the ire of President Trump, who said in a tweet on Monday that the network had become a "total joke" and insisted that he "never sought their support because I don’t need their money or bad ideas."

Bannon declined to say in his interview with CNBC exactly how he planned to go after the Koch network, but asserted that it needed to be held accountable. 

"Let's start holding the Kochs accountable. It's a con job and they are a total scam," he told the network. "They are promoters and it's a total Ponzi scheme. They never raise as much money as they talk about and no one ever knows who their donors are."