The liberal billionaire George Soros quietly revived his lobbying efforts to boost President Joe Biden’s legislative agenda, providing a much-needed boost for the Democrat as he launches his 2024 campaign.
Soros’s Open Society Policy Center spent $1.6 million lobbying the White House and Congress to support the American Rescue Plan and Inflation Reduction Act, according to lobbying disclosures filed this month. It marks a return to K Street for Soros’s group, which hasn’t lobbied since 2020.
“George Soros’s Open Societies Network has exercised enormous influence over this administration since day one, particularly in support of the so-called Inflation Reduction Act,” said Parker Thayer, an investigative researcher at the Capital Research Center, which monitors Democratic advocacy groups.
“The reopening of the Open Societies lobbying shop, which was once the second largest lobbying group in the nation, indicates that the Open Societies network plans to continue doing what it does best: accumulating power,” Thayer told the Washington Free Beacon.
The lobbying provides support for Biden as some of his landmark legislation faces bipartisan opposition. Sen. Joe Manchin (D., W.V.) recently said he may vote for a GOP-backed measure to repeal the Inflation Reduction Act, which provides $1.7 trillion to fund various green energy initiatives. Biden is likely to tout his passage of that bill and others in his 2024 campaign, which he launched Tuesday with the slogan “Finish the Job.”
Soros could stand to gain financially from many of Biden’s green initiatives, the Capital Research Center reported. Soros’s hedge funds have invested billions in companies like Rivian Automotive, a California electric car maker that, in an ironic twist, laid off 6 percent of its workforce last year due to high inflation.
Admitted and Unrepentant Nazi Collaborator George Soros Quietly Resumes Lobbying With $1.6 Million to Boost the Deceptively-Names “Inflation Reduction Act”
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