GOP ‘Super PACs’ Overtaking Campaigns’ Fundraising
WASHINGTON (AP) — An unmistakable dynamic is playing out in the money game among Republican presidential candidates: New “super” political action committees are growing more powerful than the campaigns they support.
For two of the leading GOP front-runners, their supportive super PACs raised more money and have more cash left in the bank than the candidates’ own campaigns. Helping their efforts are major financial gifts from wealthy business executives, whose contributions can be essential to the groups’ continued operations.
Mitt Romney-leaning Restore Our Future and Newt Gingrich-supportive Winning Our Future raised a combined $17 million last month and spent nearly $24 million during that same period. That financial strength allowed the groups to splash the airwaves in key primary states with millions of dollars in TV ads.