Bob Kerrey, the Nebraska Democrat vying to succeed retiring U.S. Sen. Ben Nelson (D-NE), will receive financial assistance from one of the Cornhusker State’s most famous native sons, POLITICO reports.
Warren Buffett, the Omaha billionaire who has been a public supporter of President Barack Obama, will host a fundraiser for Kerrey later this month. But unlike fellow billionaires such as Sheldon Adelson, Buffett’s largesse will not be used to help finance any super PACs.
“I am 100 percent behind Kerrey,” Buffett told POLITICO. “I will not be doing super PACs of any sort. I think allowing unlimited contributions to campaigns is a terrible idea and an important and unfortunate step toward a plutocracy.”
Kerrey previously served Nebraska as governor and U.S. senator, but his 2012 campaign has been rocky thus far. Most polls show that Republican state Sen. Deb Fischer is a heavy favorite to claim Nelson’s seat.
