Soros Revives Lobbying Efforts to Boost Biden Agenda

Senator Joe Manchin from West Virginia has recently expressed his willingness to vote for a GOP-backed measure to repeal the Inflation Reduction Act, which provides $1.7 trillion to fund various green energy initiatives. This move could pose a challenge to President Biden’s landmark legislation, which he plans to highlight in his 2024 campaign under the slogan “Finish the Job.” Interestingly, billionaire George Soros could benefit financially from Biden’s green initiatives, as his hedge funds have invested billions in companies like Rivian Automotive, a California electric car maker that laid off 6 percent of its workforce last year due to high inflation. Soros is known for his influence over Democrats, as he is one of the party’s biggest campaign donors and funnels tens of millions of dollars each year to advocacy groups that advance progressive causes. Open Society’s lobbyists have maintained access to the White House throughout Biden’s first term, and they have lobbied on various bills, including the proposal to repeal the authorization for use of military force in Iraq. It remains to be seen how these factors will impact the political landscape in the coming years.