Close to 60 corporations and wealthy individuals gave checks of $100,000 or more to a “super PAC” supporting Mitt Romney in the months leading up to the Iowa caucuses, according to documents released on Tuesday, underwriting a $17 million blitz of advertising that has swamped his Republican rivals in the early primary states. President Obama reported raising some $39.9 million in the fourth quarter, not including money he raised for the Democratic National Committee or transfers to a joint fund-raising account with the party. The filings to the Federal Election Commission, the first detailed look at a crucial source of support for Mr. Romney, showed his ability to win substantial backing from a small number of his party’s most influential and wealthy patrons, each contributing to the super PAC far more than the $2,500 check each could legally write to his campaign. All told, the group, Restore Our Future, raised about $18 million from just 200 donors in the second half of 2011.Full Article: Campaign Finance Reports Show ‘Super PAC’ Donors - NYTimes.com.
Feb 2 2012