Washington (CNN) - Mitt Romney has gotten a major boost on the airwaves in Florida as he battles Newt Gingrich in advance of next Tuesday's primary.
The pro-Romney super PAC Restore Our Future on Monday purchased $4.5 million in ad time in the state for commercials that will run through Jan. 31st, the date of the Florida primary, a source familiar with the purchase told CNN.
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Because of its size and 10 media markets, ads are expected to play a major role in helping to determine the outcome of the primary.
Restore Our Future is already airing a commercial that blasts Gingrich for his attacks on Romney's former company Bain Capital and says the former House speaker "has more baggage than the airlines." The ad recounts his ethics problems while serving in the House of Representatives and his Freddie Mac consulting contract. Right now the PAC has no new ads in its rotation.
Restore Our Future has already spent $3.2 million in the state, according to CNN's advertising consultant, Kantar CMAG.
Romney and any super PACS supporting him are not allowed by law to coordinate activities.
Through Sunday Romney's campaign had spent almost $3.2 million in advertising, and it announced new commercials on Monday.
Gingrich's campaign went up its first ad in Florida Tuesday, and the super PAC supporting him has said it will start its own media campaign soon.
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I don't have a problem with capital gains being taxed at a lower rate. I understand why there are tax loopholes that allow you to deduct investment loses that would have returned capital gains. I understand that when you invest in hedge funds or firms like Bain Capital, then your profits are capital gains. None of that is at issue. BUT....
But, why is it there is a loophole that allows a hedge fund manager to declare his commisions and bonuses acquired by INVESTING OTHER PEOPLE'S MONEY, why is he allowed to call his commissions capital gains instead of earned income?
If those rednecks liked George Wallace decades ago, they'll love Newt Gingrich now. Just saying ...........
So, Washington insiders with deep pockets are paying for Mitt's ads. Interesting- we are known by the company we keep.
Rudy NYC - But, why is it there is a loophole that allows a hedge fund manager to declare his commisions and bonuses acquired by INVESTING OTHER PEOPLE'S MONEY, why is he allowed to call his commissions capital gains instead of earned income?
Might I suggest calling the IRS for an explanation???
Romney's super pac is going after Newt with a vengeance, but we all know that is pure BS, and we are all going to ignore those ads entirely.
Florida must thanks to Newt they got 4.5 million stimulus
My grandmother always said, if you associate with liars and thieves then you are no better than a liar and a thief. I don't know about the other candidates, and it doesn't matter. Newt Gingrich has been thrown out of congress for being a liar and a thief. If the GOP nominates him then they become the party of Liars and Thieves. People who vote for him are no better than liars and thieves....