Share
Billionaire and former New York City mayor Michael Bloomberg will spend $80 million to help elect Democrats to the House of Representatives, the New York Times reports.
Writer Alexander Burns speculates Bloomberg will target more urban areas where President Donald Trump is not as popular, avoiding rural areas.
Democrats need a net gain of 23 seats to take control of the lower chamber of Congress.
In a Special Class
The amount Bloomberg plans to contribute puts him in class with other mega-rich political downers like Californian hedge fund billionaire Tom Steyer, casino magnate Sheldon Adelson and the industrialist Koch brothers.
“Republicans in Congress have had almost two years to prove they could govern responsibly. They failed,” the Times quotes Bloomberg.
According to federal election data, since 2017 Bloomberg donated more than $500,000 to congressional candidates and PACs. A majority went to his Independence USA PAC, focusing on candidates with a liberal view on gun laws, environment, education and marriage equality.
Selma Mayor Charged With Electioneering Violation on Election Day
27 minutes ago
Stocks Rise With Tech-Related Shares, Notch Weekly Gains; Dollar Up
2 hours ago
Conflicting US-China Talks Statements Add to Global Trade Confusion
2 hours ago
Fresno Police Arrest 17 in Domestic Violence Crackdown
3 hours ago
Visalia Man Sentenced to Life in Prison for 2019 Fatal Stabbing
4 hours ago

Higher Taxes on Millionaires? Trump Says He’s Open, but Many in His Party Are Not

Ex-US Rep. George Santos Sentenced to Over 7 Years in Prison for Fraud and Identity Theft

Selma Mayor Charged With Electioneering Violation on Election Day

Stocks Rise With Tech-Related Shares, Notch Weekly Gains; Dollar Up

Conflicting US-China Talks Statements Add to Global Trade Confusion

Wired Wednesday: What’s the Future of Fresno Unified and the Superintendent Position?

Zakaria Draws Parallels Between Trump’s Tariffs, Failed 1930s Economic Policies
