George Soros, the liberal billionaire investor who has largely laid low during the 2012 elections, announced $1.5 million in pledged donations Thursday to a trio of super PACs backing President Obama and congressional Democrats, PAC officials said.
Soros, who became nationally prominent in 2004 when he spent more than $20 million on independent groups supporting Sen. John F. Kerry (D-Mass.), will give $1 million to Priorities USA Action — which is supporting Obama — and $500,000 to Majority PAC and House Majority PAC, which are running ads on behalf of Democratic candidates for Congress.
The move could signal a softening of resistance by Soros and other wealthy liberals to contributing to super PACs and other independent groups that can accept unlimited donations. Soros had previously given $1 million to the American Bridge opposition-research group and smaller checks to other groups but had suggested that he was unlikely to get more directly involved.