George Soros is without any doubt, one of the biggest donors and supporters of American Liberal causes and the Democratic wing. He is one of the richest men from the USA with more than $24 billion in his portfolio. But he is more than that. George Soros is a political activist and a philanthropist with a clear understanding of how a government can make an impact on the nation and the citizens. Hence, he has been working throughout his life to support and promote democracy in the USA and other parts of the world.
George Soros has been an active supporter of the Democratic party as he strongly believes that this the best group that understand the best interest of the USA. This is why; he has been donating generously to support this Group, and he also played a vital role in shaping their policy making process through political advocacy on discoverthenetworks.org and activities. In 2004 election, Soros was considered as one of the largest donors for Democratic Party who helped the party to fight against Bush campaign. George Soros was quite concerned about the perspective and mindset of Bush, and this is why he spent a big fortune that time. However, once Bush won the election, he reduced his political donation and focused on philanthropic causes.
While Soros made a significant amount of Donation to Obama in the election on opensocietyfoundations.org, he made a huge buzz with his donations and commitment to donate a massive $26 million in the presidential election between Donald and Clinton. To Soros, Trump is nothing but an imposter who ran the election to build his brand only, and he was also worried that Trump would lead the USA to crisis issues on Investopedia with his drastic approach. Hence, he returned to the political arena with full support to Hillary and opened up his wallet.
Although it is not confirmed how much Soros spent in the Election to support the Democratic party as some organizations didn’t disclose the information, it is considered that he is one of the leading donors to the Democratic party in this election. Among his donations, a major portion of $7 million went to a super PAC called Priorities USA Action that supported Hillary. In addition to this, Soros also pledged additional $3 million to the same PAC as well. Soros also donated an opposition research super PAC called American Bridge 21st Century with a generous amount of $2 million that was fighting with Trump and other Republican candidates. On top of that, he also donated an additional $700,000 to a number of Democratic campaigns, PACs, and committees as well.
Soros also considered diversity aspect for this election and helped a PAC that have been working on such causes. Soros donated Immigrant Voters Win an amount of $3 million to motivate the Hispanic voters and increase their participation in key swing states. Also, he donated $5 million to Voting Rights Trust that was working against conservative efforts to restrict voting in the election. Another $2 million of his donation went to America Votes and $1.5 million to Senate Majority PAC and another 1.5 million to Planned Parenthood Votes PAC. Besides these, Soros also made numerous donations to some Democratic causes and organizations which are not disclosed yet.
SWball February 19, 2017
Posted In: Political Role