Jonathan Soros will try to put his new superPAC out of business.
The son of George Soros, who is also a senior fellow at the Roosevelt Institute, will use a super PAC to hopefully put itself out of business by targeting House lawmakers who oppose
The son of George Soros, who is also a senior fellow at the Roosevelt Institute, will use a super PAC to hopefully put itself out of business by targeting House lawmakers who oppose campaign finance reform:
Jonathan Soros, son of a prominent liberal financier, is helping to launch an independent advocacy group with hopes of spending up to $8 million targeting House lawmakers, primarily Republicans, who oppose public matching funds for elections and other campaign finance reforms.
The new super PAC, called Friends of Democracy, will file its first disclosures with the Federal Election Commission later this month and plans to zero in on 10 to 15 House races with television ads, mailings and Web messaging, Soros and other organizers said Thursday.
Like all super PACs, Friends of Democracy will be able to raise unlimited funds from wealthy individuals, corporations or unions--precisely the kind of system that the group is fighting against.
[...] “We openly acknowledge the irony of being a super PAC trying to address money in politics,” Soros said in an interview in Washington. “But our goal is to eventually decrease the influence of this kind of group...We don’t see any other path to real legislative change.”