New York City Mayor Michael Bloomberg has announced the creation of his own “Super PAC” to direct millions of dollars in donations to elect candidates from both parties who he believes will “focus on problem solving” and support policy issues such as legalizing same-sex marriage.
The move reflects an eagerness by Bloomberg to help elect candidates he regards as centrist and who are willing to compromise, and grapple with what he sees as grave problems confronting the country, reported The New York Times.
Mr. Bloomberg, a billionaire and a registered independent, expects to spend from $10 million to $15 million of his money in highly competitive state, local and Congressional races.
The money would be used to pay for a flurry of advertising on behalf of Republican, Democratic and independent candidates who support three of his biggest policy initiatives: legalizing same-sex marriage, enacting tougher gun laws and overhauling schools.
“This spending sends a clear message that the mayor intends to keep his wallet open after he leaves office to influence national policy around issues like guns, education and marriage equality,” said one top Bloomberg adviser.
Bloomberg, whose net worth is estimated at over $25 billion, has been an active proponent for marriage equality.
Last year he rewarded four Republican New York state senators with significant campaign contributions after they voted in favor of the state’s Marriage Equality Act.
In May, while delivering the commencement address at the University of North Carolina, blasted the state over its approval of a constitutional ban on same-sex unions, calling it “the wrong side of history.”
And last week, Bloomberg donated $250,000 to support Maryland’s November ballot initiative aimed at legalizing same-sex marriage.