Restore Our Future has hit a fundraising milestone: The super PAC supporting Republican presidential candidate Mitt Romney has clocked $100 million in contributions since it was organized just two years ago this month.
That puts the pro-Romney super PAC far ahead of the rest of the PAC pack when it comes to fundraising, Sunlight's Follow the Unlimited Money tracker shows, though just how wide a lead it enjoys won't be possible to determine until the rest of the campaign committees file their latest reports with the Federal Election Commission. Committees that report monthly to the FEC -- a group ...Continue reading
The campaign activity that's visible so far calls into question how much the Republican nominee and his backers plan to invest in a state where recent polling shows Obama ahead of Romney, and public records show the president outspending his rival in major television markets.Continue reading
Of all the outside spenders who filed monthly reports Thursday with the Federal Election Commission, the super PAC founded by veteran Republican strategists Ed Gillespie and Karl Rove, has by far the biggest stockpile of cash: more than $32 million. The intriguing question: Will Crossroads, which has spent $25 million so far opposing President Barack Obama's reelection, continue to invest in the presidential race, or ...Continue reading
A subsidiary of the Reynolds and Reynolds Company--which was apparently behind $1 million in contributions to the super PAC backing Mitt Romney through three shell companies last month--also gave at least $250,000 to super PACs earlier this election cycle through another subsidiary.
Yesterday we noted that three contributions for about a third of a million dollars each that originated from the same post office box in Dayton, Ohio on May 22 all seemed to be related to Reynolds and Reynolds. The company provides software and other services to car dealerships and related businesses. Chief Executive Officer Robert T ...Continue reading
Restore Our Future, the super PAC supporting Mitt Romney, accepted three donations totaling $1 million from three different corporate entities at the same Dayton, Ohio post office box, according to campaign finance reports filed Wednesday. The checks--two for $333,333 and one for $333,334--were all dated May 22.
The checks came from "Waterbury Properties, LLC", "Fairbanks Properties LLC" and "CRC Information Systems, Inc." all with a return address of P.O. Box 2608, Dayton, Ohio 45401. CRC Information Systems was bought by The Reynolds and Reynolds Company in 2008--which has listed the same P.O. Box as a return ...Continue reading
The Federal Election Commission is trying to get some of the country's top super PACs to be more open about where they spent their money -- and is getting shrugged off by the super PAC supporting Mitt Romney.
This year, the normally quiescent FEC dinged six of the nation's top 11 spending super PACs, some multiple times, for not disclosing the states in which they aired political ads during the presidential primary and caucus season, one of the requirements on spending reports related to elections. In response, the super PAC supporting Mitt Romney, Restore Our Future, challenged the FEC ...Continue reading
There's always been ways for big money to find its way into politics, but one of the changes ushered in by the super PAC era is the opportunity to flaunt it.
Instead of having to spread their influence around in donations to various committees, deep-pocketed donors can now show their influence with a flourish, writing seven figure checks -- like the $1 million one, filings with Federal Election Commission made over the weekend show, that the National Air Traffic Controllers union gave last month to Priorities USA Action, the super PAC backing President Obama's reelection bid, or the $2 ...Continue reading
It may be easier to get the famously closemouthed mega-donor Jerry Perenchio to open his checkbook than to get him to talk to a reporter. The octogenerian former chairman of Univision and his wife Margaret are major players in this year's election, having underwritten American Crossroads to the tune of $2 million so far. Perenchio also gave half a million dollars to Restore America, the Super PAC that supports Mitt Romney, and $100,000 to the super PAC that supported Jon Huntsman's now-defunct presidential campaign.
That's just the latest in the more than $50 million Perenchio and ...Continue reading
So far, the 2012 election has been chock full of negative advertising, and most of it has come from innocuous... View ArticleContinue reading
The real money in the Kentucky Derby isn't in the purse or the pari-mutuel, but in the politics. Horse-focused PACs like the American Horse Council, the National Thoroughbred Racing Association and horse breeders and owners have contributed more than $8.7 million to political candidates and parties since 1989 and spent $2.2 million more lobbying. And some of the top donors to these organizations are mega-donors in their own right, having contributed millions more to politicians, parties, PACs and super PACs.
Far from the finish line, the industry jockeys for tax breaks and other special treatment for big ...Continue reading