With stated aims to support Black communities and narrow the racial wealth gap, the group is financed by a billionaire hedge fund investor who also funds Republicans and AIPAC.
By Akela Lacy, The Intercept
A new political action committee “dedicated to empowering urban communities to narrow the wealth gap between Black and White Americans” has picked its most prominent and first incumbent target this cycle: Rep. Rashida Tlaib, D-Mich.
Launched in October by more than 40 Black business and civic leaders, the group, Urban Empowerment Action PAC, has labeled the challenge against Tlaib its “premier race” and plans to spend at least $1 million to unseat her, arguing that Detroit, a city that is majority Black, should be represented by a Black member in Congress. The PAC is primarily funded by billionaire hedge fund investor and philanthropist Daniel Loeb, though its initial founder remains unknown.
The slew in planned spending comes as top Democrats continue to fight against the party’s progressive wing with help from Republican donors and outside groups backing conservative candidates in both parties. Democratic leaders and outside groups aligned with them have spent millions so far to defeat progressives in several competitive primaries this cycle.
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