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Millions spent on Republican campaigns
Source: Agencies |
February 22, 2012, Wednesday
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A pair of "super" political action committees supporting top Republican United States presidential candidates spent nearly US$24 million in January, drawing upon major gifts and repeat donations from wealthy business executives, according to financial reports the groups filed on Monday with the government.
The super PACs - the Mitt Romney-leaning Restore Our Future and the Newt Gingrich-supportive Winning Our Future - raised a combined US$17 million last month. That allowed the groups to hit the airwaves in key primary states with expensive TV ads.
Restore Our Future, which spent US$14 million last month, has been boosted by more than two dozen repeat donors. Winning Our Future, which spent US$9.7 million, is largely supported by casino mogul Sheldon Adelson and his wife, Miriam.
The super PACs, as well as other groups supporting other candidates and the individual campaigns, were required to disclose how much they raised and the identities of donors in reports filed with the Federal Election Commission.
Those reports provided a snapshot of fundraising for President Barack Obama's early campaign and for Republican candidates as they battled during important primary elections in January.
During January, Republican candidates Gingrich and Rick Santorum had briefly surged ahead of front-runner Romney but trailed the former Massachusetts governor in fundraising. Since then, Santorum has climbed remarkably in polls as support has eroded for Gingrich.
Romney has benefited greatly from Restore Our Future TV ads, attacking Gingrich in particular. Restore Our Future counted on support from at least 30 repeat donors who gave a combined US$6.6 million in January, according to a review of the reports.
Winning Our Future's US$11 million in contributions during the same period came almost exclusively from the Adelsons. Sheldon and Miriam Adelson each gave US$5 million to the super PAC in January.
Other Republican-leaning super PACs reported major contributions.
Endorse Liberty, the group supporting Texas Representative Ron Paul, reported roughly US$2.4 million in donations, including US$1.7 million from the billionaire founder of PayPal, Peter Thiel of San Francisco.
Meanwhile, Obama's campaign last Friday reported raising US$29.1 million in January through the campaign, the Democratic National Committee and other fundraising committees. The major super PAC backing Obama, Priorities USA Action, has yet to file its January report.
Romney's presidential campaign raised US$6.5 million last month for his bid, while Gingrich's campaign raised US$5.5 million.
Super PACs must remain independent from candidates they support, but many are staffed by ex-campaign aides.
The super PACs - the Mitt Romney-leaning Restore Our Future and the Newt Gingrich-supportive Winning Our Future - raised a combined US$17 million last month. That allowed the groups to hit the airwaves in key primary states with expensive TV ads.
Restore Our Future, which spent US$14 million last month, has been boosted by more than two dozen repeat donors. Winning Our Future, which spent US$9.7 million, is largely supported by casino mogul Sheldon Adelson and his wife, Miriam.
The super PACs, as well as other groups supporting other candidates and the individual campaigns, were required to disclose how much they raised and the identities of donors in reports filed with the Federal Election Commission.
Those reports provided a snapshot of fundraising for President Barack Obama's early campaign and for Republican candidates as they battled during important primary elections in January.
During January, Republican candidates Gingrich and Rick Santorum had briefly surged ahead of front-runner Romney but trailed the former Massachusetts governor in fundraising. Since then, Santorum has climbed remarkably in polls as support has eroded for Gingrich.
Romney has benefited greatly from Restore Our Future TV ads, attacking Gingrich in particular. Restore Our Future counted on support from at least 30 repeat donors who gave a combined US$6.6 million in January, according to a review of the reports.
Winning Our Future's US$11 million in contributions during the same period came almost exclusively from the Adelsons. Sheldon and Miriam Adelson each gave US$5 million to the super PAC in January.
Other Republican-leaning super PACs reported major contributions.
Endorse Liberty, the group supporting Texas Representative Ron Paul, reported roughly US$2.4 million in donations, including US$1.7 million from the billionaire founder of PayPal, Peter Thiel of San Francisco.
Meanwhile, Obama's campaign last Friday reported raising US$29.1 million in January through the campaign, the Democratic National Committee and other fundraising committees. The major super PAC backing Obama, Priorities USA Action, has yet to file its January report.
Romney's presidential campaign raised US$6.5 million last month for his bid, while Gingrich's campaign raised US$5.5 million.
Super PACs must remain independent from candidates they support, but many are staffed by ex-campaign aides.
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