Soros pledges $1 million to Obama Super PAC
Donation brings the Jewish billionaire’s total giving during this election cycle to $4.3 million, making him the largest donor on the left
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.
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.
The Times of Israel Community.