George Soros, Other Democratic Megadonors Plowing Millions Into Clinton, Senate Election Bids

[WestVirginiaRebel]

The Blaze:

WASHINGTON (AP) — Democratic megadonors, including George Soros and Tom Steyer, are putting millions of dollars into efforts to put Hillary Clinton in the White House and win control of the Senate. Their investment comes as Republicans worry about not only their nominee Donald Trump’s chances, but also his effect on down-ballot races.

 

Yet few of the GOP’s biggest donors have put major money into Trump efforts, a striking change from four years ago when Mitt Romney had more million-dollar donors on his side than did President Barack Obama.

 

The presidential candidates and many outside groups must report their July fundraising and spending details to the Federal Election Commission by midnight Saturday. Here’s what we know so far:

 

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SOROS RETURNS

 

Billionaire after billionaire appeared on the latest fundraising reports from Democratic super PACs.

 

Super political action committees face no restrictions on how much money they can take from individual, corporate and union donors. Liberals have decried these groups as bad for democracy — yet they’ve leaned on them to help win races, saying they don’t want to disarm against Republicans.

 

In July alone, New York hedge fund billionaire George Soros gave $1.5 million to Planned Parenthood’s super PAC and $35,000 to Priorities USA, both working to elect Clinton, as well as $500,000 to the Senate Majority PAC. Other million-dollar donors to Priorities USA include the creator of diet product Slim-Fast, Daniel Abraham, and Donald Sussman, a financier who is divorcing Maine Rep. Chellie Pingree.

 

Soros’s latest contributions bring his 2015-2016 super PAC total to more than $14 million — a fivefold increase from his super PAC investments during the previous presidential election.

 

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BILLIONAIRE EFFORTS

 

Across the country, California hedge fund billionaire Tom Steyer is feeling similarly generous.

 

Last month, he pumped another $7 million into his super PAC, called NextGen Climate Action Committee. In the past two years, he has put into $38 million into the group, which works to defeat politicians who don’t believe in human-caused climate change.

 

NextGen also is spending heavily to help Clinton, including by giving millions of dollars to labor union super PACs that back her.

 

Another billionaire with his own super PAC, former New York Mayor Michael Bloomberg, gave $5 million in July. The group, called Independence USA, backs candidates who want stricter gun control measures.

 

Although that often means boosting the fortunes of Democrats, the super PAC recently began spending to help Republican Pennsylvania Sen. Pat Toomey retain his seat in a tough contest. Bloomberg praised Toomey’s support of expanding background checks as his chief reason for helping him.

 

Bloomberg has also endorsed Clinton.

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Old white guys betting big on Grandma.