JTA — Billionaire George Soros has pledged $1 million to a Super PAC supporting President Obama.
The donation reported over the weekend by the New York Times will go to Priorities USA Action.
The donation reportedly was announced Sept. 27 at a luncheon held by the Democracy Alliance, a group of liberal donors, by Michael Vachon, a long-time Soros political advisor, according to the Times.
Soros is also set to donate $500,000 to two Super PACs backing Congressional Democrats, the newspaper reported.
The donations bring to $4.3 million Soros’s total giving this during this election cycle to PACs supporting Democrats, according to Politico, which reported that this makes Soros the largest donor on the left. He donated $24 million to outside groups ahead of the 2004 election, however.
Get The Times of Israel's Daily Edition
by email and never miss our top stories
By signing up, you agree to the
terms
By contrast, casino mogul Sheldon Adelson has pledged to spend up to $100 million to defeat Obama and congressional Democrats in the upcoming elections.
Super PACs can raise unlimited sums from corporations, unions and other groups, as well as individuals, and indirectly support a political candidate. They cannot by law coordinate with the candidate’s official campaign.
Help us report truthfully on social media
As a multimedia journalist, my job is to take the quality, fact-based journalism produced by The Times of Israel newsroom and make it accessible across every platform — from Instagram posts to podcasts to short-form videos.
This is how many, especially young people, consume news these days. But misinformation is rampant on social media. Our team at ToI produces accurate, responsible short-form reporting on Israel and the Jewish world.
If you believe in the importance of factual social media journalism, please consider joining our reader support group, The Times of Israel Community. Your financial support is essential to sustain responsible multimedia reporting.
— Gabriella Jacobs, multimedia journalist
Support our work
Support our work
Already a member? Sign in to stop seeing this
You're a dedicated reader
We’re really pleased that you’ve read X Times of Israel articles in the past month.
That’s why we started the Times of Israel - to provide discerning readers like you with must-read coverage of Israel and the Jewish world.
So now we have a request. Unlike other news outlets, we haven’t put up a paywall. But as the journalism we do is costly, we invite readers for whom The Times of Israel has become important to help support our work by joining The Times of Israel Community.
For as little as $6 a month you can help support our quality journalism while enjoying The Times of Israel AD-FREE, as well as accessing exclusive content available only to Times of Israel Community members.
Thank you,
David Horovitz, Founding Editor of The Times of Israel
Join Our Community
Join Our Community
Already a member? Sign in to stop seeing this
Add ToI as a Preferred Source on Google
