Tags: 2014 Midterm Elections | PACs | Democrats | spending | Steyer | Soros

Soros, Steyer, Bloomberg Donate Heavily to Super PACs in July

Saturday, 23 Aug 2014 01:07 PM

By Cathy Burke

Super PAC spending heated up in July in advance of the fall midterm elections, with Democrats dominating the list of mega-donors, including hedge fund manager turned climate-change activist Tom Steyer and financier George Soros.

Millionaire former New York City Mayor Mike Bloomberg, an independent, contributed $2 million to a liberal super PAC.

Citing disclosure reports to the Federal Election Committee filed this week, the National Journal also reported hedge-fund manager Paul Singer was the biggest super PAC donor on the Republican side, noting more big conservative donations go to nonprofits that don't have to disclose their donors. 

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Super PACs may raise unlimited sums of money from corporations, unions, associations, and individuals – and spend it to advocate for or against political candidates. But unlike traditional political action committees, they can't donate money directly to candidates.
The National Journal said Steyer reported giving $7.5 million to his own group, NextGen Climate, which in turn gave $500,000 to Senate Majority PAC, and $150,000 to environmentalist the League of Conservation Voters Victory Fund.

Soros reported giving $500,000 to House Majority PAC – which aims to help Democrats win seats in the House – and the League of Conservation Voters Victory Fund; his daughter, Andrea Soros Colombel, gave $250,000 to Planned Parenthood Votes, the National Journal reported.

Bloomberg, who contributes to his own super PAC focused on gun-control issues, donated $2 million to Women Vote!, which the National Journal reported is the largest contribution the Emily's List super PAC has ever gotten.

Singer, the founder of Elliott Management, shelled out $750,000 to the conservative super PAC Ending Spending Action Fund, and $100,000 to American Crossroads.

His latest donations bring his contributions this midterm voting cycle to $1.4 million for Ending Spending and $1.35 million to Crossroads, the National Journal reported.

Jay Bergman, owner of Illinois-based Petco Petroleum, also donated to American Crossroads with a $500,000 check, the National Journal reports.

Other July big-spenders, the National Journal reported, included Houston, Texas, lawyer Amber Mostyn, who gave $250,000 to the Planned Parenthood super PAC, matching the quarter-million she gave the committee in 2013; and Univision owner Haim Saban, who gave $250,000 to Senate Majority PAC, as did Google Chairman Eric Schmidt.

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Meanwhile, this week's filings also showed the top 20 committees by the totals they raised – and spent – in July, the nonpartisan Sunlight Foundation reports. 

The Democratic Congressional Campaign Committee raised some $11.5 million in July to lead the pack, while the Republican National Committee was the top July spender at $8.9 million, according to the foundation.

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