HomePoliticsGeorge Soros launches another $50 million donation to Dem PAC, doubling midterm...

George Soros launches another $50 million donation to Dem PAC, doubling midterm spending


Billionaire George Soros made a final $50 million donation to a top Democratic super PAC this week, reportedly doubling his contributions from the 2022 midterm cycle.

Soros made the contribution to Democracy PAC, which is expected to use the funds to help Democrats prepare for the 2024 election cycle. The one-time donation matches the total of $50 million he spent on the 2022 midterm elections, distributed among candidates and PACs across the country, according to Politico.

Soros’s midterm donations reportedly made him the biggest single donor to the Democrats in 2022, and his donation this week shows he intends to remain a major player in the next cycle.

The Democracy PAC bills itself as a supporter of pro-democracy candidates “regardless of party.” Soros’s son, Alexander, also served as the PAC’s chairman, and Soros himself reportedly donated $125 million to the organization in January 2021.

WHITE HOUSE-LINKED GROUP BACKED BY GEORGE SOROS WAS WAR ON GASOLINE BEHIND THE SCENES

Billionaire philanthropist and activist George Soros.
(Simon Dawson/Bloomberg via Getty Images)

Alexander Soros attends the New York screening of "Fireproof" at AMC Lincoln Square Theater on May 13, 2019 in New York City.  (Photo by Jason Mendez/Getty Images)

Alexander Soros attends the New York screening of “Trial By Fire” at AMC Lincoln Square Theater on May 13, 2019 in New York City. (Photo by Jason Mendez/Getty Images)

SOROS-FUNDED SECRET GROUP WORKS BEHIND THE SCENES WITH BIDEN ADMINISTRATOR ON POLITICS, DOCUMENTS SHOW

The news of the donations comes days after Alexander was among the top Democratic donors invited to the White House for the lavish state dinner with French President Emmanuel Macron last week. Alexander donated $700,000 to the Biden Victory Fund, a small fraction of his father’s donations.

Vice President Kamala Harris also attended a conference last week by the Democracy Alliance, a secretive group of top Democratic donors who help drive the party’s agenda. Soros is a member of the organization.

Democracy Alliance members must donate at least $200,000 a year to groups vetted and approved by the coalition. According to internal documents obtained by the Washington Free Beacon, the alliance has recommended that its members use a billion dollar dark money Nonprofit network run by consultancy Arabella Advisors, which receives millions to provide administrative, operational and management services to the four Nexus nonprofit incubators.

Vice President Kamala Harris and President Biden

Vice President Kamala Harris and President Biden
(JANEK SKARZYNSKI/AFP via Getty Images | Chip Somodevilla/Getty Images)

CLICK HERE TO GET THE FOX NEWS APP

The organization is widely known for supporting Media Matters for America, the Center for American Progress, and more than 100 other organizations.

Fox News’ Joe Schoffstall and Cameron Cawthorne contributed to this report.



Source link

RELATED ARTICLES
- Advertisment -

Most Popular