Billionaire-Backed Super PAC Pours Millions into Pennsylvania Senate Race to Advance Their Own Interests

Hedge Fund CEO Ken Griffin Poured $10 Million Into the Super PAC

PENNSYLVANIA — On May 8th, a super PAC funded by the wealthiest Wall Street donors who want to lower their own taxes and strip Social Security and Medicare launched a multi-million dollar ad campaign to support David McCormick. 

These billionaires are supporting McCormick’s agenda of ensuring President Trump’s corporate tax giveaway is permanent and threatening Social Security and Medicare. 

Pennsylvania Democratic Party spokesperson TaNisha Cameron issued the following statement:

“Out-of-state billionaires are pouring millions of dollars into the Pennsylvania Senate race to prop up one of their own, David McCormick, a hedge fund executive who wants to lower corporate taxes for the wealthiest Americans and threaten Social Security and Medicare. Pennsylvanians won’t be fooled by their efforts to buy this Senate seat to advance their own interest.” 

Read More About David McCormick’s Wall Street Billionaire Backers:

• Billionaire hedge fund CEO Ken Griffin, who gave $10 million to the Super PAC, has made clear in interviews that he wants to cut entitlements like Social Security and Medicare and lower his own taxes.

• Billionaire investment banker Paul Singer, who gave $2 million to the Super PAC, opposes taxes on the wealthiest 1% and “described Medicare, Medicaid and Social Security as the ‘unpayable Big Three’ and urged cuts to the programs.”

• Billionaire Ken Langone, who gave $500,000 to the Super PAC, wants to halt Social Security benefits for certain Americans and compared calls for the wealthiest 1% to pay more in taxes to “what Hitler was saying in Germany.”