Soros Doubles 2016 Election Spending, Sends $40 Million to Super PAC
Reported by KYLE MORRIS |
Soros Fund Management Chairman George Soros attends a meeting with finance and development ministers, international partners and the presidents of Liberia, Sierra Leone and Guinea about the ongoing efforts to recover from the Ebola outbreak in West Africa during the World Bank- International Monetary Fund Spring Meetings April 17, 2015 …/Chip Somodevilla/Getty
According to public records, the PAC has received $40 million, double the $20 million it received in 2016 throughout the presidential election.
An operative told the Washington Free Beacon:
While Democrats across the country sanctimoniously rail against the influence of dark money in politics, their party’s largest donors are bankrolling a massive web of liberal organizations to get them elected. George Soros’s unprecedented spending further highlights just how dependent Democrats are on contributions from billionaires, despite their hypocritical rhetoric.
Directly, Soros has put $5.5 million into his Super PAC. Fund for Policy Reform, a nonprofit in Soros’s Open Society Foundations network that is reported to have in the bank $750 million on its latest tax forms, also gave $35 million. In doing so, Soros’s name is kept from appearing amongst those that give millions to political committees.
Democracy PAC, known for making large donations to far-left candidates, has given more than $25 million to other PACs, including a $7 million to the Senate Majority PAC, which has close ties to Senate Minority Leader Chuck Schumer (D-NY). It also gave $5 million to Priorities USA Action, a large outside PAC which supports Joe Biden, and $2.5 million to the left-wing Win Justice coalition.
The Beacon also noted:
Many of the groups that receive money from Soros are top spenders backing massive anti-Trump campaigns. Priorities USA is the biggest outside spender this cycle, according to the Center for Responsive Politics, having spent more than $28 million. Its efforts include anti-Trump advertisements focused on criticizing the president’s response to the coronavirus pandemic in the swing states of Pennsylvania, Michigan, and Wisconsin.
In addition to his overwhelming PAC donations. Soros has also given $2 million to committees directly without going through his PACs. Those donations include $500,000 to the Democratic Grassroots Victory Fund, a committee to raise funds between the Democratic National Committee, all 50 state Democratic parties, and the D.C. Democratic committee.
Soros has also given thousands to House Speaker Nancy Pelosi’s (D-CA) victory fund, the Democratic Senatorial Campaign Committee. Similar to Soros, former presidential hopeful Tom Steyer has also poured into the 2020 election and is ranked among the highest of donors.
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