Soros, Alarmed by Trump, Pours Money into 2016 Race
The billionaire has already spent or pledged $13 million to help Hillary Clinton and other Democrats this year.
Zachary Mider
Bloomberg.com
March 15, 2016
The liberal New York financier George Soros, whose effort to unseat President George W. Bush in 2004 shattered political spending records, is returning to big-ticket giving after an 11-year hiatus.
Soros has spent or committed more than $13 million to support Hillary Clinton and other Democrats this election cycle, already more than his total disclosed spending in the last two presidential elections combined.
Soros has expressed alarm over the past few months at the candidacies of Republicans Donald Trump and Ted Cruz. In a statement last week about a new group he’s funding to increase voting by Latinos and immigrants in the election, he again mentioned the two candidates by name.
“The intense anti-immigrant and anti-Muslim rhetoric that has been fueled by the Republican primary is deeply offensive,” Soros said in the statement. “There should be consequences for the outrageous statements and proposals that we’ve regularly heard from candidates Trump and Cruz.”
Michael Vachon, a spokesman and political adviser to Soros, said there was no single cause for the increase in spending. “His support of Clinton is one reason. The tone of the other candidates is the other,” Vachon said. The Clinton, Cruz and Trump campaigns, which face crucial primary contests in Ohio and Florida today, didn’t respond to requests for comment.
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