by Joseph Weber
The largest donor by far this year reportedly is George Soros, a Democrat whose contributions of at least $126 million are nearly double that of either of the next two largest donors.
The next two are Republicans Richard Uihlein and Kenneth C. Griffin, each of whom have given roughly $67 million this year, according to an analysis by The New York Times of the campaign-donation tracking website OpenSecrets.org.
The newspaper calls Soros’ total “deceptive” because essentially all of his contributions, $125 million, went to his political action committee, Democracy PAC, which disbursed just $15 million of the sum.
The newspaper’s analysis also found political spending on this year’s midterm elections will “shatter” records at the state and federal levels.
The report also concluded the record spending is being fueled by an expanding class of billionaires and that much of it comes from super political action committees, or super PACs, funded largely by GOP mega-doners.
“We’ve broken records with our broken records,” SheilaKrumholz, executive director of the Open Secrets, told the newspaper.
The nonprofit site estimates total spending in 2021 and 2022 will hit $16.7 billion when tallied after Election Day.
That sum would easily surpass the previous midterm record of $14 billion set in 2018.
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Joseph Weber comes to JusttheNews after covering national politics for Fox News since 2011.
Photo “George Soros” by Niccolò Caranti. CC BY-SA 3.0.