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.”
www.politico.com/news/2022/01/28/soros-pours-125m-into-super-pac-ahead-of-midterms-00002847