Meet Jeffrey Yass.
He’s the billionaire owner of a powerful Wall Street trading firm, an early investor in TikTok, and the richest man in Pennsylvania.
And he’s trying to buy our democracy.
If you’ve never heard of Yass, that’s just the way he likes it. He avoids publicity and doesn’t give interviews, but his money speaks louder than words.
In the 2020 election cycle, he was the seventh largest billionaire political donor in America, having spent $30 million bankrolling extreme Republican Super PACs like anti-tax group Club for Growth and the Protect America PAC, both of which backed lawmakers who tried to overturn the 2020 election results, including Josh Hawley, Ted Cruz, Lauren Boebert, and Madison Cawthorn..
Yass’s tentacles have an even tighter grip on Pennsylvania, where he’s single handedly funding the fight to privatize and divert money from public schools.
He’s quietly building a network of politicians willing to take his money and vote against students and teachers. He just pumped more than $18 million into the state’s 2022 primaries.
What is he purchasing? Politicians he can “pick up the phone and exert [his] influence on” to rig the rules in his favor—and against public schools.
Yass has already spent over $40 MILLION on his own state PACs dedicated to privatizing and diverting money from public schools.
And while Yass makes sure he pays a lower tax rate than most working families, Pennsylvania ranks 44th in the nation for public school funding.
Underfunded schools? All it takes is one undertaxed billionaire.