The Washington Times - September 27, 2012, 04:09PM

Liberal hedge fund manager George Soros is pledging $1.5 million in new funding for Democratic super PACs, the New York Times reported Thursday, continuing a reversal of tide that has seen lagging super PAC backing President Obama on the upswing as the Mitt Romney super PAC’s finances have eroded.

A frequent target of conservative critics for his activist liberal stands and extensive political giving, Mr. Soros’ absence from the 2012 race has been striking. He gave $1 million to American Bridge, an opposition research group, and made a small contribution to a super PAC backing House candidates, but he has contributed far less to date than in previous election cycles.

SEE RELATED:


Mr. Soros told associated he opposes the Supreme Court’s Citizens United ruling, according to the New York Times account, a decision that opened the door to unlimited ads advocating directly against candidates, though that didn’t stop him from spending millions on super PACs’ predecessors, so-called “527 groups,” which have marginally tighter restrictions, in previous years.

The donations themselves won’t be reported until Oct. 20, days before the election.