Soros pours record $50 million into 2020 election

Soros ramped up his political spending this cycle through the Democracy PAC, which he created last year to pump large sums into the coffers of other left-wing groups. New filings to the Federal Election Commission show the PAC doled out nearly $17 million last quarter, bringing its total cash disbursements this cycle to $48 million. Soros gave another $4 million directly to Democratic campaigns and committees without first depositing the money into his PAC. The $52 million cash influx is more than double Soros’s previous high of $22 million, which came during the last presidential election.

Democratic candidates benefiting from Soros’s cash have railed against the influence of money in politics. Joe Biden’s government reform plan includes a promise to “reduce the corrupting influence of money in politics.” The presidential candidate’s website says, “We could improve our politics overnight if we flushed big money from the system and had public financing of our elections…. Democracy works best when a big bank account or a large donor list are not prerequisites for office.”