by Mitch Kokai
Senior Political Analyst, John Locke Foundation
In the United States, global financial speculator George Soros has been the single-biggest financier of overtly political causes for decades. In 2022, he poured $178.8 million into federal campaigns, making him by far the biggest campaign contributor in that cycle. Then there are his hidden and comingled political contributions — a vast web of dark money — that are intentionally designed to influence elections and avoid public scrutiny.
According to OpenSecrets.org, a research organization that tracks money in politics (coincidentally funded by Soros’ Open Society Foundations), Soros Fund Management was by far the largest single political contributor going into the 2022 midterm elections. The fund ranked first out of 31,955 contributor organizations with a known war chest of approximately $180 million. Not a single dollar went to a Republican candidate.
The political research group noted that organizations like Soros Fund Management cannot legally contribute directly to candidates or party committees. Instead, the fund funneled cash to political affiliates, the largest being an entity innocuously titled Democracy PAC II. The super PAC’s Federal Election Commission filing Michael Vachon as its treasurer. Vachon has served on boards of left-wing organizations tied to Soros’ Open Society Foundations, such as NYC Partners, Democracy Alliance, and Catalist. George Soros’ son, Alexander, runs the super PAC.
To be sure, Republican billionaires use the same methods of concealing how their dark money flows, but Soros’ dizzying political financing network is unparalleled. …
… Notably, the first iteration of Democracy PAC funneled more than $80 million to Democratic groups and candidates in the 2020 election cycle. In a statement to Politico, Soros said the massive spend was necessary for “strengthening the infrastructure of American democracy: voting rights and civic participation, civil rights and liberties, and the rule of law.” Incidentally, the Soros-linked America Coming Together political action committee was slapped with what was, at the time, the third-largest fine in the Federal Election Commission’s history following the unsuccessful bid to defeat President George W. Bush in 2004 and install Sen. John Kerry, D-Mass., in the White House.