George Soros Group Offers $20M to Underwrite Biden’s Infrastructure Plan
The move is another sign Soros is backing the Democrats and their policies
Leftist billionaire George Soros's Open Society Foundations has pledged $20 million to underwrite Joe Biden’s infrastructure and social welfare proposals.
The financial backing could push a call to action for other Democratic donors and activists who support the $2 trillion+ infrastructure plan, according to Axios.
The move is another sign Soros is backing the Democrats and their policies.
“Every initiative proposed by President Biden has broad public support,” said Tom Perriello, the executive director of Open Society-U.S., according to Axios.
Perriello said he was determined to drive the process, “we’ve seen popular reforms get demonized before by partisans and special interests, and we are not going to let that happen.
“Facts don’t always win without some real muscle put behind getting those facts in front of the American people.”
The $20 million funding will come from George Soros’s main foundation and his 501(c)4 advocacy group, the Axios report maintains.
The funds would activate many of the grassroots progressive organizations that are opposed to President Trump’s agenda.
Leah Hunt-Hendrix, who co-founded Way to Win, a progressive donor network, said:
“We hope this effort on the part of organizers and donors will give the Biden administration and Congress the assurance that they need to go as big, bold, and fast as possible."
Biden's 2.25 trillion dollar package would increase the corporate tax rate from 21 percent to 28 percent.
If the increase is passed into law, it would be bigger than China’s corporate tax rate of 25 percent.
Trump lowered the tax from 35 percent to the current 21 percent.
Biden's $2.5 trillion infrastructure bill includes funds to destroy what it deems "problematic highways."
The Claiborne Expressway in New Orleans and Interstate 81 in Syracuse, New York, has been cited as "problematic" for going through black neighborhoods.
Democrat Alexandria Ocasio-Cortez claimed Joe Biden’s $2 trillion infrastructure plan is not big enough.
“I think that the vision that President Biden and the administration has laid out, you’re right, has surprised a lot of us in a positive way, and in detail and the thought that’s here, the scope of it is really encouraging except I think the how that $2.2 trillion, $2.25 trillion over eight years."