Former New York City Mayor Michael Bloomberg is donating $80 million in September and October 2026 to bolster Democratic midterm election efforts, focusing primarily on flipping the House of Representatives. Bloomberg's funding includes $24 million to Everytown for Gun Safety and $16 million to House Majority PAC. The infusion aims to secure a governable House majority while narrowing Republicans' financial advantage led by Elon Musk and Donald Trump, though Bloomberg is withholding funds from Democratic Socialist candidates.
Michael Bloomberg's political spending
- ▪Former New York City Mayor Michael Bloomberg donated $80 million during September and October 2026 to support Democratic candidates and committees in the 2026 midterm elections
- ▪During the spring of 2026, Michael Bloomberg spent $11 million to support Assemblyman Micah Lasher in a primary to succeed Representative Jerrold Nadler of New York in New York's 12th Congressional District
Bloomberg's specific midterm contributions
- ▪Michael Bloomberg contributed $5 million to a League of Conservation Voters super PAC, $3.5 million to elect Democratic scientists and doctors, and $8 million to battleground gubernatorial candidates
- ▪Michael Bloomberg contributed $2.5 million to a super PAC supporting Texas Democratic Senate candidate James Talarico and $2.5 million to a super PAC backing New York Governor Kathy Hochul
- ▪Michael Bloomberg plans to spend an additional $10 million on competitive House of Representatives races ahead of Election Day in November 2026
- ▪Michael Bloomberg contributed $24 million to Everytown for Gun Safety and $16 million to the Democratic-aligned House Majority PAC for the 2026 midterm elections
Democratic strategy and House goals
- ▪Bloomberg political adviser Howard Wolfson stated that Bloomberg's $80 million in donations aim to expand the Democratic House majority beyond 218 seats toward 230 seats in the 2026 midterm elections
- ▪House Minority Leader Hakeem Jeffries stated that Michael Bloomberg's financial contributions will play a key role in helping Democrats retake control of the House of Representatives
Adviser statements on ideology and candidates
- ▪Political adviser Howard Wolfson stated that Michael Bloomberg is withholding funds from Democratic Socialist candidates due to concerns regarding the Democratic Party's leftward movement on issues including Israel
- ▪Michael Bloomberg donated to Pennsylvania Governor Josh Shapiro, whom adviser Howard Wolfson described as a centrist pragmatist sharing Bloomberg's political orientation ahead of the 2028 presidential election
Major Democratic campaign donors
- ▪Michael Bloomberg's $80 million contribution offers financial relief to Democrats who have been heavily outspent by major Republican donors in the U.S. 2026 midterm elections
- ▪George Soros and his son Alex Soros donated over $100 million to Democrats for the 2026 election cycle based on Federal Election Commission filings
Major Republican donor spending
- ▪Elon Musk contributed $369 million to support Republican candidates in the 2026 midterm elections, making him the largest individual political donor in modern United States history
- ▪President Donald Trump announced that he committed over $400 million to help Republican candidates in the 2026 midterm elections through MAGA Inc. and Securing American Greatness
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