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
George Soros speaks during a discussion at the New America Foundation on March 26, 2009 in Washington, D.C. Alex Wong | Getty Images.since 2019, channeling more than $80 million to other Democratic groups and candidates during the 2020 election
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.
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.
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