May 8, 2012
Financier George Soros is opening his checkbook for the first time of the 2012 presidential cycle, pledging $1 million to two separate outside organizations aiding Democratic efforts in the fall.
Soros will contribute to both America Votes, a nonprofit organization that focuses on grassroots efforts to advance liberal policies, and the American Bridge PAC, a group primarily focused on opposition research aimed at defeating Republicans electorally.
According to The New York Times, which broke news of the donation, the Soros donation is the first wave of up to $100 million from major liberal donors to independent organizations supporting Democratic efforts in 2012.
“George Soros believes the Supreme Court’s decision in Citizens United opened the floodgates to special interests’ paying for political ads,” said Michael Vachon, a spokesman for Soros, to theTimes. “There is no way those concerned with the public interest can compete with them. Soros has always focused his political giving on grass-roots organizing and holding conservatives accountable for the flawed policies they promote. His support of these groups is consistent with those views.”
This article was posted: Tuesday, May 8, 2012 at 8:37 am