Who Are John and Laura Arnold? The Liberal Billionaires You’ve Never Heard Of Who Are John and Laura Arnold? The Liberal Billionaires You’ve Never Heard Of – NTK Network

Who Are John and Laura Arnold? The Liberal Billionaires You’ve Never Heard Of

They’ve backed a soda tax, and research into anti-Second Amendment initiatives. They’ve donated to Planned Parenthood and liberal Democrats. So why have you never heard of them?

By NTK Staff | 08.06.2018 @9:00am
Who Are John and Laura Arnold? The Liberal Billionaires You’ve Never Heard Of

Nearly everyone involved in politics has heard of Tom Steyer, George Soros, and Michael Bloomberg – liberal billionaires who actively fund the far-left liberal machine.

And yet even the most astute political observer likely hasn’t heard of Laura and John Arnold, the latest liberal super-donors to come on the scene. Unlike Steyers, Soros, and Bloomberg, the Arnolds aren’t crisscrossing the country on an impeachment tour; they haven’t donated to multiple generations of liberal Democrats; and neither has served as mayor of the country’s most populous city.

Instead, John Arnold made his millions first as an energy trader for Enron, the company best known for “one of the most scandalous corporate bankruptcies in American history,” then as a hedge fund manager based in Houston. He retired at the ripe old age of 38.

Now he and his wife are quietly building an empire of non-profits and super PACs with increasingly political agendas. They’ve hired a former Democrat ad-maker and Obama staffer to help run Patients for Affordable Drugs, which has an affiliated super PAC and independent expenditure arm. That organization’s super PAC, Patients for Affordable Drugs Action, has thus far only used its funds to attack Republicans, according to available FEC data.

But that’s not all. Both Laura and John Arnold have given maxed-out donations of $5,400 to Sens. Claire McCaskill (D-MO) and Heidi Heitkamp (D-ND) this year; they each donated $23,900 to the Democratic National Committee and $28,500 to the Obama victory fund in 2008; and they’ve donated millions to groups like Planned Parenthood. Arnold also routinely criticizes President Trump on Twitter:

Outside of just financial donations to liberal candidates and causes, the Arnolds have also swooped into states to boost efforts that dictate winners and losers in the market. According to the Philadelphia Inquirer, the Arnolds spent $500,000 to establish a soda tax in Philadelphia.

Like their liberal ally Michael Bloomberg, the Arnolds donated $20 million to research anti-Second Amendment initiatives and are hoping to raise an additional $30 million for the effort.

The Arnolds have also set their sights on redistricting, with heavy 2018 investments in states like Utah and Michigan. In these states, the Arnold’s “Action Now Initiative” is funding efforts to create commissions that would redraw political districting maps and force legislatures to vote on the maps it creates.

And just the other day, John Arnold tweeted that the $32.6-trillion price tag associated with Sen. Bernie Sanders’ (I-VT) Medicare For All proposal is “wildly misleading.” Of course, even if the study were $10 trillion off, that would still exceed the current U.S. debt.

Despite keeping a largely low profile up until now, the Arnolds seem to be ramping up their political activity and spending of late. With less than 100 days until the 2018 midterm elections, keep an eye out for even more donations and public support from this up-and-coming liberal power couple in the days and months ahead.

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