George Soros sets up new super PAC for 2020 election
Financier and philanthropist George Soros. Photo: Sean Gallup/Getty Images
George Soros, the billionaire megadonor to the Democratic Party, is setting up a super PAC called Democracy PAC for spending operations for the 2020 election, a filing to the Federal Election Commission Wednesday shows.
The big picture: Soros has put $5.1 million into Democracy PAC so far, according to the filing. Other Soros family members may contribute to the super PAC, Politico reports, citing a person familiar with the group. His son Alexander Soros has emerged as a major Democratic donor in recent years.