Former New York City Mayor Michael Bloomberg is planning to spend $80 million in the upcoming midterm elections, with most of it aimed at helping Democrats seize control of the House, a massive investment that could reshape the House battlefield this fall.
That type of investment from Bloomberg, a political independent who has long supported candidates of both parties, could put Democrats in a position to have spending parity with Republicans for the first time since the advent of super PACs nearly a decade ago.
That money, which a Bloomberg adviser confirmed to TPM, will help them compete with huge funds from GOP billionaires like the Koch Brothers and Sheldon Adelson, who has pledged $30 million to bolster House Republicans.
Bloomberg has gotten increasingly involved in national campaigns in recent years, but has backed candidates in both parties who agree with him on gun control, helping reelect Sen. Pat Toomey (R-PA) and Maggie Hassan (D-NH) in 2016. He endorsed Hillary Clinton in 2016.
And while Bloomberg said he plans to support some GOP gubernatorial candidates, this massive investment is as partisan as he’s been since he left the GOP more than a decade ago — driven by what he sees is an “absolutely feckless” attitude towards Trump from House GOP leadership.
“Republicans in Congress have had almost two years to prove they could govern responsibly. They failed. As we approach the 2018 midterms, it’s critical that we elect people who will lead in ways that this Congress won’t – both by seeking to legislate in a bipartisan way, and by upholding the checks and balances that the Founding Fathers set up to safeguard ethics, prevent the abuse of power, and preserve the rule of law,” Bloomberg said in a statement. “And so this fall, I’m going to support Democrats in their efforts to win control of the House.”
The New York Times first reported the investment.
Bloomberg plans to mostly target suburban House races where his vocal gun rights support and New York City links won’t backfire on the candidates he’s supporting — the type of expensive districts in major media markets that House Democrats have been outspent in recent cycles.
Democrats have at least a 50-50 shot at retaking the House, according to strategists in both parties. This major investment could further bolster their prospects.