GOP, Romney To Join Forces On Fundraising

President Obama is going to have a significant cash advantage heading into the fall, so this is a smart move for now. From Neil King Jr. and Brody Mullins at The Wall Street Journal:

In a move that shows Republicans are coalescing around the party's front-runner, Mitt Romney plans to begin raising money jointly with the Republican National Committee this week as both the candidate and the GOP brace for an expensive general-election fight against President Barack Obama.

The arrangement will allow top donors to write checks as large as $75,000 per person, by giving to party organizations rather than to the campaign. That's far more than the $2,500 ceiling that applies to individual donations to a presidential candidate for the fall election.

The move reflects a general clamor within the party to begin amassing the funds needed to compete with Mr. Obama's fundraising operation, Romney and RNC advisers said. "Our donors are ready to mobilize for November," said Andrea Saul, a Romney spokesperson. For the Republican nominee to be able to compete with the president's re-election effort, "they need to get started now."

Acknowledging that the nomination fight isn't over, the RNC also invited other candidates to participate in joint fundraising, but with little expectation they would agree, RNC officials said.

The Obama campaign raised $750 million four years ago and has raised $157 million so far this cycle. The DNC has raised about $158 million.

Do you like this post?

Showing 1 reaction


published this page in In The News 2012-04-02 20:19:00 -0400
Analysis & Political Strategy