Left-wing billionaire George Soros handed over $125 million to a Democrat-aligned super PAC to boost Democrat groups and candidates ahead of the 2022 midterm elections.
The controversial 91-year-old investor confirmed to Politico on Friday his plans, saying the large donation to Democracy PAC, which he set up in 2019 as his main political action committee to support Democrats, is a “long-term investment” beyond the 2022 elections.
Soros said that the new infusion of funding will back pro-democracy “causes and candidates, regardless of political party” and who are involved in “strengthening the infrastructure of American democracy: voting rights and civic participation, civil rights and liberties, and the rule of law.”
Soros’s son, Alexander Soros, will serve as Democracy PAC’s president. The younger Soros issued a statement to news outlets about the development, immediately making reference to the Jan. 6, 2021, Capitol breach.
According to his statement, Soros said he believes there is an existential “threat to our democracy” by alleged attempts to “discredit and undermine our electoral process.”
“It is a generational threat that cannot be addressed in just one or two election cycles,” Alex Soros said. “Democracy PAC is now positioned to pursue its mission of preserving and protecting our democracy well into the future.”
Democracy PAC’s spending will be uploaded on Monday, Jan. 31, after it files with the Federal Elections Commission, according to Politico.
In recent years, Soros has courted controversy for his donations to left-wing candidates, including district attorneys who have promoted and enforced policies that critics say allow criminals and repeat offenders to be allowed back on the streets. Soros in May 2021 gave $1 million to the Color of Change PAC, whose website explicitly calls for “defund[ing] the police,” according to Federal Election Commission records.
Soros also contributed some $300,000 to Chicago District Attorney Kim Foxx for her first campaign in 2016 and another $2 million for her reelection in November 2021, records show, according to the New York Post. He’s also provided funds to controversial Los Angeles District Attorney George Gascon, who is facing a recall after critics say his office has taken a soft stance on crime, as well as providing $1 million to newly elected Manhattan District Attorney Alvin Bragg, among others.
Earlier in January, Bragg, a Democrat, announced in a memorandum (pdf) that he will not prosecute certain offenses, including marijuana misdemeanor, not paying public transportation fare, trespassing except a fourth degree stalking charge, resisting arrest, obstructing governmental administration in certain cases, and prostitution.
And in 2020, Soros’ Open Society Foundations poured some $220 million into initiatives that seek to advance left-wing “racial justice” causes.
The Epoch Times has contacted Soros’ Open Society Foundations for comment on the $125 million donation.