Fund Led by Steyer and Soros Rolling Out State-Focused Donations, Strategy

A 527 political organization funded primarily by a trio of liberal mega-donors—Tom Steyer, George Soros, and S. Donald Sussman—is attempting to impact local and state-level political campaigns by donating to committees funded primarily by leftwing pressure groups.

The Washington Free Beacon previously reported that the group, State Victory Action, donated $500,000 to an independent expenditure committee in Colorado in support of the Democratic gubernatorial nominee. However, a state-by-state review of other records shows SVA is also active in Minnesota, Maine, New Mexico, and Nevada, totaling about $1.7 million in disclosed funding thus far in state campaign finance reports.

Furthermore, records filed with the IRS show SVA had raised just over $14 million by the end of June, suggesting most of the money is yet to be spent with just five weeks remaining until the election. Steyer, Sussman, and Soros represent more than 95 percent of those funds raised.

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