Romney's June fund-raising tops $100 million
July 5th, 2012
03:40 PM ET
2 years ago

Romney's June fund-raising tops $100 million

(CNN) – Mitt Romney's campaign said Thursday they had a behemoth fund-raising month in June, bringing in more than $100 million, two Republican sources confirmed.

The amount, which includes money raised by the campaign along with the Republican National Committee, far surpasses his May fund-raising haul of $77 million.

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In the last month, Romney has made several big fund-raising trips, including stops in California, Oregon, Washington and Texas. In the Lone Star State, alone, he was expected to have raised $15 million in his two-day trip.

Also in June, he was expected to have had his highest day ever while in his native state of Michigan for a pair of fund-raising events on June 20, raising between $6 and $8 million.

And the campaign underwent a fund-raising boom in the hours after the Supreme Court ruled to uphold the controversial health care law that Romney and Republicans vehemently stand against. Less than 24 hours after the high court announced its decision, Romney's camp took in more than $4.6 million online from over 47,000 contributors.

Obama's team has repeatedly said they expect to be out-raised by Romney in June, with some campaign officials even predicting Romney would hit the $100 million mark.

"I think Romney's going to continue to have big months. Combine that with the super PAC stuff and we're going to be the first incumbent outspent. That's clear," one official, who, along with other top members of the re-election team, spoke to reporters on background in mid June.

It is likely that this will be the second month in a row the presumptive GOP nominee takes in more cash than the president. In May, the Obama Victory Fund brought in $60 million.

The Republican effort said they ended May with $107 million in the bank. Obama's campaign finished the month with slightly less than $110 million.

Ben LaBolt, a spokesman for Obama's campaign, reacted to Romney's fundraising numbers, saying, "Mitt Romney is trying to distract from a week when he took contradictory positions on the freeloader penalty in the Affordable Care Act and we learned more about his offshored finances in Switzerland, Bermuda, and the Cayman Islands.

"Americans are less concerned about how much money he raised to get himself elected and more interested in what he would do after repealing health reform, which he has refused to share, and why he won't disclose the necessary tax returns that prove whether or not he paid any U.S. taxes on his shell corporation in Bermuda," LaBolt continued.

Both campaigns have until July 15th to officially report their fund-raising numbers to the Federal Election Commission.

Politico was the first to report Romney's numbers.

– CNN Political Editor Paul Steinhauser and CNN Chief Political Correspondent Candy Crowley contributed to this report.


Filed under: 2012 • Mitt Romney
soundoff (32 Responses)
  1. Namejkane fl SEND THE THREE TIME LOSER romney HOME AND MAKE IT FOUR.

    It could be 1. Billion ,but when you have a flawed canadate like romneycare the clown ,you still lose .just keep dumping your money down the toilet ,you deserving it !!!!

    July 5, 2012 03:44 pm at 3:44 pm |
  2. Core republican Values

    As part of the 1%, I'm voting republican. But I promise to hire more people to clean my pool, tend to the horses, and shine my shoes.

    July 5, 2012 03:53 pm at 3:53 pm |
  3. Marie MD

    The chosen one bishop IS NOT going to buy this election.
    By the time November comes around all fhe bain businessman background he doesn't want anyone to bring up will come out. Everyone will american jobs lost and the many companies he bankrupted while he and his business partners made money by seining US jobs to India.
    He can flip flop all he wants on anything he has ever said or done but the truth will haunt him and let's hope this is it for his continued run for president which has been his real career all along.

    July 5, 2012 03:56 pm at 3:56 pm |
  4. mcskadittle

    none and done

    July 5, 2012 03:59 pm at 3:59 pm |
  5. ge

    why don,t he just build himself a whitehouse in the caymans-and clam himself king

    July 5, 2012 03:59 pm at 3:59 pm |
  6. kate

    You can't buy your way into the White House! The people know what your up to. That money is probably from just 3 or 4 of your corporation "friends".
    Obama 2012!

    July 5, 2012 04:08 pm at 4:08 pm |
  7. Mikey

    We are seeing the result of Citizen's United. Everyone was shocked that then Senator Obama's campaign was able to raise 3/4 billion $$ (mostly from small doners). Conservatives made it an issue when the Campaign said they were going to try to raise $1 billion for 2012. Now we have Romney looking like he will raise over $1B in his campaign, with another $800 million by pro-Romney Super-PACs – possibly outspending the sitting President by close to 2-1. And that money is NOT primarily coming from small grassroots doners – almost half of it may come from a few dozen individuals and corporations. Much of the rest will come from those who can cut $10,000 checks – not exactly the masses.

    If you like the concentration of wealth and power, vote Romney. If not, you can have a 2-fer – you get to vote for the better candidate AND send a message that our elections cannot be bought.

    July 5, 2012 04:11 pm at 4:11 pm |
  8. Jimbo

    It's scary how fundraising continues to get out of control. I personally thought it would be impossible for someone to put together a fundraising campaign as well as Obama's crew did in 2008, but Romney will probably blow those numbers out of the water easily, and don't forget all the Super PACs that will drop a ton of money on ads as well.

    July 5, 2012 04:15 pm at 4:15 pm |
  9. cali ha ha

    Let's make signs asking for all tax returns for mitts bain years. Let go to all of mitts campaigns rallys and demand answers.

    July 5, 2012 04:19 pm at 4:19 pm |
  10. Myviewis

    After this fiasco with Obamacare imposing a tax on the people and Obama trying to convince it was not a tax but a penalty, which CNN has confirmed with a very good article that the Supreme Court did rule in favor of Obama's second choice his administration submitted to the Supreme Court that it is a TAX, and Wasserman Schultz like a nut on TV convincing everyone that it was a Penalty not a Tax, I can see why people are starting to stay away from donating to Obama. Not to mention that Obama is unqualified for the job of president of the US, a part-time lecturer, 4 year practicing junior lawyer, and he allowed his law license to expire in 2002, community organizer and this is what is running our economy, our country. Talk about selling the voters a fairly simple, small resume.

    July 5, 2012 04:20 pm at 4:20 pm |
  11. Rick

    All these funds are from big corporation who will be electing the next President. Romney funds are not from the average citizens. They are funds, allowed by our US Supreme Court who tells us that a Corporation is a person. Wow, so the average voter no longer has any voting powers. Its all about the lies and misinformation by big Corporations and Romney PAC. Karl Rowe is good at this, sense he got Bush elected twice, fooling the dumb and uneducated.

    July 5, 2012 04:20 pm at 4:20 pm |
  12. Carlos

    The money pit! Instead of spending it on jobs creation, they keep trying to repaint the old car without fixing the engine. Throwing good money after bad.

    July 5, 2012 04:22 pm at 4:22 pm |
  13. vic , nashville ,tn

    Message will win the election not the money

    July 5, 2012 04:22 pm at 4:22 pm |
  14. GROVER NORQUIST IS A ENEMY OF THE STATE/ConservaFASCISTS

    Congress should pass legislation called the DISCLOSE ACT

    July 5, 2012 04:24 pm at 4:24 pm |
  15. sayer

    Remember votes determine the presidency in November not money. Vote Obama 2012 or get ready for government of the rich, by the rich, and for the rich.

    July 5, 2012 04:26 pm at 4:26 pm |
  16. HAPPY DEMOCRAT

    Billionaires are wasting their money if they sink it into the Romney campaign. Romney's negative ads worked on Republicans because Republicans have trouble recognizing the truth. Truth is something Romney has absolutely no acquaintence with. The American people will see through the Koch brothers lies.

    July 5, 2012 04:26 pm at 4:26 pm |
  17. T'sah From Virginia

    All of the money in the world is NOT going to send R-Money to the White House.......PERIOD! The American people realize that they're not going to allow MONEY brought to you by approximately 192 TOP millionaires/billionaires to decide this election – they are outnumbered!!!

    WAKE UP AMERICA!!

    Obama 2012 – The Only Trusted Way Forward!!

    July 5, 2012 04:30 pm at 4:30 pm |
  18. Getoverit

    @ cali ha ha

    Let’s make signs asking for all tax
    returns for mitts bain years. Let go to all
    of mitts campaigns rallys and demand
    answers.
    ----–--------------–
    Presidential candidates are not required to release their tax returns to the public. They can if they choose to, but that is solely their choice. Just because you want to see it is not a good enough reason.

    July 5, 2012 04:37 pm at 4:37 pm |
  19. Myviewis

    GROVER NORQUIST IS A ENEMY OF THE STATE/ConservaFASCISTS

    Congress should pass legislation called the DISCLOSE ACT
    ---------------------------–

    Obama doesn't like to disclose anything, he's very secretive.

    July 5, 2012 04:39 pm at 4:39 pm |
  20. GROVER NORQUIST IS A ENEMY OF THE STATE/ConservaFASCISTS

    @ Myviewis

    “Last week, the Supreme Court reversed a century of law to open the floodgates for special interests - including foreign companies - to spend without limit in our elections. Well, I don’t think American elections should be bankrolled by America’s most powerful interests, and worse, by foreign entities. They should be decided by the American people, and that’s why I’m urging Democrats and Republicans to pass a bill that helps to right this wrong.” – President Obama
    -------------------------------------------------
    Not only did the President call this a threat to our democracy, but so did his 2008 rival Sen. McCain.

    July 5, 2012 04:50 pm at 4:50 pm |
  21. Sniffit

    Nice photo. Is that how Mittens laughed and pointed at the kid whose hair he cut?

    "Presidential candidates are not required to release their tax returns to the public. They can if they choose to, but that is solely their choice. Just because you want to see it is not a good enough reason.'

    No POTUS candidate in the past half-century (and more) has refused to disclose his tax returns. Mittens own father disclosed something liek 12 or more years of his own ax returns. If he fails to do it, it is an admission that they contain information in them that he knows will not be looked upon favorably and is therefore the result of Mittens and his campaign calculating that the damage from being the first POTUS candidate to refuse to disclose in something like 60 years is less than the damage if he does disclose it. Once enough people realize that's precisely the calculus he's engaging in, then the damage from failing to disclose should catch up to the damage from actual disclosure.

    July 5, 2012 04:58 pm at 4:58 pm |
  22. rs

    The very best Presidential candidate money can buy......

    July 5, 2012 05:08 pm at 5:08 pm |
  23. JustAO

    The Super PAC money (allowed by the conservatives on the supreme court) along with the Tea Party and modern GOP are the beginning of the end of a generation that sees the first Black President as a threat to the "American Dream" they grew up in (aka Jim Crow era).

    Sadly, this old guard will not go away without a verocious fight to the end which highlights more of their bigotry and cynicism. Luckily the next huge generation of voters embrace America as a more diverse and tolerant society we are moving towards.

    And throughout history, progressive thought has ALWAYS been the victor since it embraces unity, positive outlooks, and common good values as opposed to exclusion, fear, and bigotry.

    July 5, 2012 05:12 pm at 5:12 pm |
  24. cali ha ha

    Getoverit

    Are u saying his tax returns not being available is ok. Change that, are you saying the aren't relevant to how he will govern and that every president including obama hasn't released more than 5 years of returns for the past 30 years. I would have no fear showing mine for that amount of time

    July 5, 2012 05:16 pm at 5:16 pm |
  25. Are you kidding me?

    It may be a stretch but it is safe to say that the American economy is doing fine. If folks can pour this much money in a month there is a horde of disposable cash people are sitting on.

    July 5, 2012 05:24 pm at 5:24 pm |
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