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.
The billionaire has amplified his election spending as deep-pocketed donors attempt to oust Trump from office and flip control of the Senate to Democrats. Soros’s cash is part of a spending blitz that has primarily benefited Joe Biden. So far this cycle, outside spending has exceeded $1 billion and is on track to shatter previous records.
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. – READ MORE
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