2/11/2022- 9:43 a.m.
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 electioncycle.
Billionaire mega-donor George Soros is seeding a super PAC with $125 million, an enormous investment that will aid Democratic groups and candidates for the 2022 election cycle and beyond.
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.
Soros added that the donation to the super PAC is a “long-term investment,” intended to support political work beyond this year.
Alexander Soros, George Soros’ son, will serve as the PAC’s president. In his own statement, Alexander Soros cited the Capitol insurrection 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.”
The donation is sure to place Soros among the biggest political givers of the midterms.
Only a handful of major donors have contributed nine figures to federal groups and candidates in recent years, according to the Center for Responsive Politics, a nonpartisan group that tracks political giving.
Ahead of the 2022 midterms, Democracy PAC has already cut big checks to two major Democratic super PACs aligned with the party’s congressional leadership: $2.5 million to Senate Majority PAC and $1 million to House Majority PAC.
