A spokesperson for Bloomberg confirmed to Fox News on Monday that the money will be used for digital and TV ads defending many of the representatives that the multi-billionaire business and media mogul helped to victory in the 2018 midterm elections, when the Democrats convincingly won back the majority in the chamber for the first time in 8 years. Some of the funds will also be used to try and defeat Republicans running for re-election.
The effort – first reported by the Washington Post – will include a transfusion of donations to the House Majority PAC, the leading outside group helping to elect House Democrats. The PAC is aligned with House Speaker Nancy Pelosi. Bloomberg’s $60 million pledge includes $10 million already delivered to House Majority PAC.
“Mike Bloomberg played a role that was pivotal to our success two years ago,” Pelosi said in a statement. “We are so glad that he is staying in the fight to protect and expand the Democratic majority in the House.”
The plans also include a reemergence of Independence USA, a Blomberg created PAC to help candidates running in local state and federal races across the country.
Bloomberg shelled out more than $1 billion of his own money on his own 2020 White House bid. After suspending his brief and unsuccessful three and a half month long Democratic presidential campaign in March, Bloomberg transferred $18 million from his campaign coffers to the Democratic National Committee. And he also committed roughly $35 million to the pro-Democratic data consulting firm Hawkfish.
Bloomberg’s also helping Democratic candidates and causes this cycle through Everytown for Gun Safety, a nonprofit group that fights to combat gun violence and has committed to spending $60 million this year’s elections. Bloomberg – who helped create the organization -- is its biggest contributor. He’s also contributed millions more to other groups helping Democrats in down ballot races and voter protection groups.
News of Bloomberg’s pledge came on the same day that a group of former Bloomberg campaign staffers wrote a letter to Democratic National Committee chair Tom Perez asking to remove the businessman from the schedule of speakers at this week’s Democratic National Convention. Bloomberg is slated to speak Thursday.
The former presidential campaign staffers who penned the letter are part of a class action lawsuit against Bloomberg, claiming that he violated New York State Law for wrongfully terminating their contracts.