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Spielberg And Soros Stock Sen Dem Super-PAC
George Soros, Laurene Powell Jobs and Steven Spielberg are among the biggest donors to the campaign to keep Harry Reid the Senate majority leader.
Soros and Powell Jobs (Apple co-founder Steve Jobs's widow) each gave $500,000, and Spielberg donated $250,000 last month to Senate Majority PAC, a super-PAC run by the Nevada senator's political advisers to defend the Democrats' 55-45 Senate majority. It's the main Democratic outside group trying to block Republicans from making a net gain of six seats.
Ian Cumming, the former CEO of Leucadia National Corporation, and the Arkansas-based HFNWA, LLC each gave $1 million to Senate Majority PAC last month. The American Federation of Teachers contributed $850,000.
Senate Majority PAC has spent $36 million on TV ads and other media communications in 10 Senate races during the 2014 election cycle, according to the Center for Responsive Politics. It's also transferred about $8 million to an Alaska-based super-PAC that's handling the outside effort to re-elect Democratic Senator Mark Begich.
Super-PACs may accept donations in unlimited amounts to run so-called independent expenditures that directly advocate for the election or defeat of candidates. PACs filing on a monthly schedule have until midnight Monday to file reports detailing their donors and spending for September.
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| George Soros / Steven Spielberg |
By Greg Giroux, Oct. 20, 2014, Bloomberg.com
George Soros, Laurene Powell Jobs and Steven Spielberg are among the biggest donors to the campaign to keep Harry Reid the Senate majority leader.
Soros and Powell Jobs (Apple co-founder Steve Jobs's widow) each gave $500,000, and Spielberg donated $250,000 last month to Senate Majority PAC, a super-PAC run by the Nevada senator's political advisers to defend the Democrats' 55-45 Senate majority. It's the main Democratic outside group trying to block Republicans from making a net gain of six seats.
Ian Cumming, the former CEO of Leucadia National Corporation, and the Arkansas-based HFNWA, LLC each gave $1 million to Senate Majority PAC last month. The American Federation of Teachers contributed $850,000.
Senate Majority PAC has spent $36 million on TV ads and other media communications in 10 Senate races during the 2014 election cycle, according to the Center for Responsive Politics. It's also transferred about $8 million to an Alaska-based super-PAC that's handling the outside effort to re-elect Democratic Senator Mark Begich.
Super-PACs may accept donations in unlimited amounts to run so-called independent expenditures that directly advocate for the election or defeat of candidates. PACs filing on a monthly schedule have until midnight Monday to file reports detailing their donors and spending for September.
Read the full story: www.bloomberg.com
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