Tea Party group chief quits, cites internal split
WASHINGTON – Eased out with an $8 million payout provided by an influential GOP fundraiser, former Republican House Majority Leader Dick Armey says he has left a conservative Tea Party group, FreedomWorks, because of an internal split over the group's future direction.
A confidential contract obtained by The Associated Press shows that Armey agreed in September to resign from his role as chairman of Washington-based FreedomWorks in exchange for $8 million in consulting fees paid in annual $400,000 installments. Dated Sept. 24, the contract specifies that Armey would resign his position at both FreedomWorks and its sister organization, the FreedomWorks Foundation, by the end of November.
According to the contract, Armey's consulting fees will be paid by Richard J. Stephenson, a prominent fundraiser and founder and chairman of the Cancer Treatment Centers of America, a national cancer treatment network. Stephenson is on the board of directors of FreedomWorks.
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