| | | George Soros just donated $125 Million to Democrats…
Posted by Kane on January 28, 2022 2:58 pm
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Billionaire mega-donor George Soros is seeding a super PAC with $125 million, an enormous investment that will aid Democrat and progressive groups and candidates for the 2022 election cycle and beyond.
The group, Democracy PAC, has served as Soros campaign spending vehicle since 2019, channeling more than $80 million to other Democratic groups and candidates during the 2020 election cycle. The new, nine-figure investment from Soros is aimed at supporting pro-democracy “causes and candidates, regardless of political party” who are invested in “strengthening the infrastructure of American democracy: voting rights and civic participation, civil rights and liberties, and the rule of law,” Soros said in a statement.
Soros added that the donation to the super PAC is a “long-term investment,” intended to support political work beyond this year. Alexander Soros will serve as the PAC’s president. In his own statement, Alexander Soros cited the Capitol breach on Jan. 6, 2021, and “ongoing efforts to discredit and undermine our electoral process, reveal the magnitude of the threat to our democracy,” adding that this “is a generational threat that cannot be addressed in just one or two election cycles.”
The donation is sure to place Soros among the biggest political givers of the midterms. Only a handful of major donors have contributed nine figures to federal groups and candidates in recent years, according to the Center for Responsive Politics, a nonpartisan group that tracks political giving.
Several groups focused on field operations also got six- and seven-figure donations. BlackPAC, a group focused on turning out Black voters, received $250,000 to support its efforts during the Virginia gubernatorial and legislative races in 2021, while Vote Rev received $1 million.
SOURCE — POLITICO |
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