Liberal Billionaire George Soros Will Spend More on the 2018 Midterm Race Than Ever Before
Controversial billionaire George Soros will spend more on the 2018 midterm elections than in any previous one.
In 2010, the Supreme Court ruled in Citizens United v. Federal Election Commission
that corporations, unions, and certain nonprofits should be allowed to
raise and spend unlimited amounts of money to advocate for and against
political candidates.
Since then, Soros has raised $5 million for Democratic politicians in midterm elections.
Specifically, Soros took advantage of this ruling by using his Open
Society Foundation (OSF) as a major contributor hub for the politicians
and legislative proposals he liked best.
And in the two midterm elections since Citizens United (in 2010 and 2014), that $5 million amounts to mere pocket change for the hedge fund aficionado.
He's worth a whopping $25.2 billion, after all.
But a small increase in campaign contributions would mean a giant
leap in political influence. In fact, the midterm elections could yield
massive changes in Congress next year – which is exactly what the
billionaire wants.
Billionaire liberal donor George Soros
