George Soros launches super PAC for Democratic candidates


George Soros, the billionaire megadonor, has set up a super PAC for Democrats and has seeded the 2020 campaign fund with $5.1 million, according to paperwork filed with the Federal Election Commission.

The 88-year-old financier intends to use the Democracy PAC to distribute money to other organizations and not create his own political group as some other billionaires have.

​”He has, unlike Tom Steyer or [Michael] Bloomberg, funded things like Senate Majority PAC and Priorities USA and EMILY’s List and Planned Parenthood and expects to continue to do so,” a person familiar with the new organization told Politico.

The $5.1 million check more than doubles the $2.1 million Soros gave to political causes during the same point in the 2016 presidential election.

He became one of the Democratic Party’s largest individual donors, giving more than $20 million.Other members of the Soros family, including his son Alexander Soros, a philanthropist who founded the Alexander Soros Foundation and who’s also become a major Democratic donor, might also contribute to the Democracy PAC, Politico reported.FILED UNDER 2020 PRESIDENTIAL ELECTION , 

Source: George Soros launches super PAC for Democratic candidates

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