George Soros, Democratic Donors Contribute Millions to Super PACs

By:  Brian Koenig
05/09/2012
       
George Soros, Democratic Donors Contribute Millions to Super PACs

Prominent liberal donors, including George Soros, are doling out hundreds of millions of dollars to support Obama and Democratic nominees.

Prominent liberal donors, including financial guru George Soros, are ramping up efforts to support Democratic congressional nominees and President Obama’s reelection effort, doling out up to $100 million to independent groups supporting the Democratic Party’s election campaigns.

Mr. Soros, in particular, is tipping $1 million each to America Votes, a group coordinating political activities for a slew of liberal-leaning organizations, and American Bridge 21st Century, a super PAC involved with election-related research and communications. The liberal billionaire’s $2-million contribution is his first significant political donation this year, and the funds are supposedly targeted at voter registration, grassroots organization, and other activities intended to augment Democratic turnout.

Announced in an email to supporters on Monday night, Soros’ bulky donations indicate that wealthy liberals are prepared to offer tens of millions of dollars into what will likely be a costly presidential campaign. Fox News reported on other pro-Obama super PAC donors:

Soros' contributions add to a small but growing list of wealthy progressive individuals and groups contributing to super PACs supporting the Democratic incumbent. They include comedian Bill Maher and Hollywood producer Jeffrey Katzenberg, who have each given more than $1 million to Priorities USA Action, a PAC founded by two former Obama aides. The Service Employees International Union has also donated $1 million to the group, which can't legally coordinate with Obama's campaign.

Many Democrats and liberal donors have decried the Supreme Court’s landmark decision in Citizens United v. Federal Election Commission, which ruled that the First Amendment precludes the government from placing restrictions on political expenditures by unions and corporations. The idea, liberal advocates affirm, is to avoid negative advertising and instead focus primarily on recruiting Democratic voters. 

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Photo: George Soros is delivers an address at the Organization of American States, Oct. 3, 2006, in Washington: AP Images

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