Soros caps off midterm spending with $50M super PAC contribution

Billionaire George Soros, the biggest disclosed Democratic donor successful the 2022 predetermination cycle, gave different $50 cardinal to a ace PAC successful the fall, gathering connected an already ample concern successful Democratic groups and candidates for the 2024 predetermination rhythm and beyond.

Democracy PAC, which has served arsenic 1 of Soros’ large governmental spending vehicles since 2019, received different eight-figure infusion of currency from Soros earlier this month, according to a idiosyncratic straight acquainted with the group’s caller Federal Elections Commission filing, which volition beryllium publically released connected Thursday. It’s the latest motion that Soros volition proceed to play an tremendous relation successful the Democratic run concern ecosystem, peculiarly up of the adjacent statesmanlike election.

All of Soros’ 2022 run spending — including nonstop contributions to candidates and committees, arsenic good arsenic donations to a brace of ace PACs — totaled astir $50 million, apt placing atop the database of the biggest Democratic donors during the midterms, according to OpenSecrets. Soros has agelong been 1 of the Democratic Party’s astir generous donors, spending millions connected everything from statesmanlike and legislature races to authorities offices, ballot measures and adjacent section authoritative races.

Either straight oregon done his affiliated ace PACs, Soros successful the 2022 cycle, gave $14 cardinal to Senate Majority PAC, the flagship Senate Democratic ace PAC. That includes $1 cardinal for the Georgia runoff, which Sen. Raphael Warnock won connected Tuesday night, giving Democrats a 51-seat bulk successful the Senate. Soros sent different $5 cardinal to House Majority PAC, the main House Democratic ace PAC, according to the idiosyncratic straight acquainted with the Democracy PAC filing.

Other large recipients of Soros’ contributions this predetermination rhythm included: Stacey Abrams, who received $4 cardinal but mislaid her bid for Georgia governor; the Democratic Party of Wisconsin, which received $1.5 million; and Planned Parenthood, the Working Families Party and J Street, each of which got $1 million.

Last January, Soros seeded Democracy PAC with $125 million, a “long-term investment” successful his governmental priorities. The radical was formed to enactment pro-democracy “causes and candidates, careless of party” and to put successful “strengthening the infrastructure of American democracy: voting rights and civic participation, civilian rights and liberties, and the regularisation of law,” Soros said successful a connection astatine the time.

Soros’ son, Alexander, has served arsenic the PAC’s president.