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Liberal billionaire George Soros has funneled nearly $70 million into the 2020 elections, tripling his previous record, new filings show.
The Democracy PAC, a super PAC created by Soros to fund left-wing groups working to defeat Republicans, has poured $68.5 million into electoral efforts this cycle, according to the Federal Election Commission. That sum is $46 million more than Soros's previous high of $22 million, which came during the last presidential cycle.
Soros's largest donations include $3 million to the Strategic Victory Fund, a super PAC tied to the Democracy Alliance donor club, of which Soros is a founding member; $1.5 million to both the Chuck Schumer-aligned Senate Majority PAC and progressive women's group SuperMajority, which is primarily bankrolled by the financier; and $1 million to the Working Families Organization. Soros's PAC disbursed $23 million to left-wing groups from the beginning of July to late September.
The cash is part of a $275 million spending plan set forth by the Democracy Alliance, according to confidential documents obtained by the Washington Free Beacon last year. Members of the donor network are pushing large sums into increasing voter turnout, targeting women and rural voters, and flooding battleground state efforts, among other initiatives.
The Democracy PAC is primarily funded by tens of millions of dollars transferred over from the Fund for Policy Reform, a nonprofit in Soros's sprawling Open Society Foundations network. The fund reported $3 billion in assets on its most recent tax forms. This set up allows Soros to keep his name off the top of donor lists. The Democracy PAC is currently sitting on $6.4 million.
Gee, why would an evil Socialist from outside the U.S. spend $70 MILLION of his own money on the U.S. elections?
freebeacon.com
The Democracy PAC, a super PAC created by Soros to fund left-wing groups working to defeat Republicans, has poured $68.5 million into electoral efforts this cycle, according to the Federal Election Commission. That sum is $46 million more than Soros's previous high of $22 million, which came during the last presidential cycle.
Soros's largest donations include $3 million to the Strategic Victory Fund, a super PAC tied to the Democracy Alliance donor club, of which Soros is a founding member; $1.5 million to both the Chuck Schumer-aligned Senate Majority PAC and progressive women's group SuperMajority, which is primarily bankrolled by the financier; and $1 million to the Working Families Organization. Soros's PAC disbursed $23 million to left-wing groups from the beginning of July to late September.
The cash is part of a $275 million spending plan set forth by the Democracy Alliance, according to confidential documents obtained by the Washington Free Beacon last year. Members of the donor network are pushing large sums into increasing voter turnout, targeting women and rural voters, and flooding battleground state efforts, among other initiatives.
The Democracy PAC is primarily funded by tens of millions of dollars transferred over from the Fund for Policy Reform, a nonprofit in Soros's sprawling Open Society Foundations network. The fund reported $3 billion in assets on its most recent tax forms. This set up allows Soros to keep his name off the top of donor lists. The Democracy PAC is currently sitting on $6.4 million.
Gee, why would an evil Socialist from outside the U.S. spend $70 MILLION of his own money on the U.S. elections?
Soros Triples Election Spending, Pouring $70 Million Into 2020 Efforts
Liberal billionaire George Soros has funneled nearly $70 million into the 2020 elections, tripling his previous record, new filings show.
freebeacon.com
