Pro-Romney super PAC brings in almost $21 million in June
July 20th, 2012
08:19 PM ET
2 years ago

Pro-Romney super PAC brings in almost $21 million in June

Washington (CNN) – The major super PAC backing Mitt Romney saw its largest monthly haul in June – thanks in large part to one generous Nevada couple.

Restore Our Future brought in $20.7 million in last month, giving the group a major cash advantage in its efforts to boost the presumptive Republican nominee, whose campaign continued to be the target of a multi-million barrage of negative ads from President Barack Obama's re-election team.

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The information about Restore's financial status came in its filing Friday afternoon with the Federal Election Commission for the month of June. The group reported it had $21.6 million on hand – as of the end of June - and spent $7.6 million last month on television and internet ads.

While Team Romney and its joint fund-raising effort with the Republican National Committee out-raised the president and the Democrats for the second month in a row, Romney's campaign also faces financial obstacles because some of the money it is now bringing in cannot be used until after the Republican convention – when Romney is to officially become his party's nominee.

Dramatically helping Restore's fund-raising was a pair of $5 million contributions by Republican donor Sheldon Adelson and his wife Miriam, donations which CNN previously reported. That was their first donations to this super PAC, although they had given $20 million to similar group which backed former GOP presidential candidate Newt Gingrich, Winning Our Future.

The Adelsons' funds were two of five contributions of at least $1 million given to the Restore Our Future last month.

Major Republican donor Bob Perry, a Texas home builder, donated $2 million last month, bringing his total infusions into the PAC to $5 million. In 2004, he was a key backer of the group Swift Vets and POWs for Truth, which ran ads against Democratic presidential nominee John Kerry raising questions about his Vietnam war record.

Other notable donors to Restore last month were: John Childs, a Florida CEO who gave $1 million; investor Trammel Crow, who gave $500,000; and $100,000 contributions each from investment executive Henry Kravis and Oxbow Carbon, a Florida energy services company.

Among the first-time donors to Restore were: Foster Friess, the Wyoming investment executive who had been a major booster of Rick Santorum and the super PAC that backed his candidacy and Joe Ricketts, the retired TD Ameritrade CEO, who pitched in $100,000. Ricketts was a key backer of a different group called the Ending Spending Action Fund, which became controversial when it was presented a proposal in May to run ads linking President Obama to comments by his former spiritual adviser Rev. Jeremiah Wright.

So far this year the group has spent $54.1 million on behalf of Romney and has raised $52 million this year.


Filed under: 2012 • Mitt Romney
soundoff (27 Responses)
  1. CanadaONE

    SHHHHH – put it in the Cayman Islands – you won't pay taxes – ask Mitt he will show you how to do it

    July 20, 2012 08:51 pm at 8:51 pm |
  2. LIB

    I certainly hope the American people will not vote for Mitt ROmney and send a message that these few people who are supporting him will not help him sell the WH. Let our votes make the decision as to who we want in the WH. OUr votes are not for sale especially to the 1% who wants all the control. President Obama's money comes from the folks in this country who deserve better. Let's win with out votes and not these 17 leeches

    July 20, 2012 10:06 pm at 10:06 pm |
  3. Logic N LA

    what possible reason could these extremely wealthy men have for giving this much money if it wasn't for influence?
    Romeny is being bought and paid for by engery companies, gambling executives, Wall St bankers and an assorment of special interests. WHY?

    July 20, 2012 10:24 pm at 10:24 pm |
  4. Larry L

    The numbers spent to buy politicians mean nothing to most of us these days. As rich, power-brokers take away our democracy we watch reality TV and stuff our fat faces with "cake".

    July 20, 2012 10:32 pm at 10:32 pm |
  5. 2020

    corruption will eat it up. no worry.

    July 20, 2012 10:35 pm at 10:35 pm |
  6. Montykoolaid

    Yup, that makes me want to vote for you.

    A handful of obscenely rich people donated millions upon millions of dollars to a multimillionaire running against a president who wants to slightly raise taxes on the obscenely rich.

    July 20, 2012 10:42 pm at 10:42 pm |
  7. United States for Sale!

    Because of the Activist Supreme Court they have put our Democracy and Republic for Sale to the highest bidder – possibly even Foreign Money or Foreign County to buy any Public Office they want to control. We had a Bipartisan Law which regulated this until the Republican Activists on the Court overruled a law which everyone liked except Karl "Watergate" Rove wanted.

    July 20, 2012 11:14 pm at 11:14 pm |
  8. Romney

    Romney and Adelson have a lot in common – both have most of their money in Banks out of the United States!

    July 20, 2012 11:22 pm at 11:22 pm |
  9. Impeach the Supreme Court!!!

    Our Country's Government is now for Sale! Because of the Supereme Court's Ruling on Campaign Finance it is now possible for a Foreign Country to greatly influence on control our Government. It is interesting they ruled against a Bipartisian Law which fairly regulated Elections. But because of Karl Rove -( who should have been indicted for his role in the Valerie Plame ) wants to control this Republic by any means – this election will make Watergate look tame.

    July 20, 2012 11:33 pm at 11:33 pm |
  10. Jeff Brown in Jersey

    It's called throwing money away!

    July 20, 2012 11:37 pm at 11:37 pm |
  11. "If you've got a business, you didn't build that. Somebody else made that happen." --B. Obama

    This is great news! Looking forward to seeing who our next Vice President will be.

    Romney-2012

    July 20, 2012 11:47 pm at 11:47 pm |
  12. SafeJourney

    Bring in all the money you want. Americans are not going to let you repubs lie and buy this election

    July 21, 2012 01:14 am at 1:14 am |
  13. bruce

    I contributed about 2K to the last presidential election (it doesn't matter to whom)j. In the face of 21 MILLION dollars, there is zero point in my contributing this year, so I won't. Our democracy has been bought and sold. Unless something is done to overturn this horrible supreme court decision, our democracy is finished. Absolutely finished.

    July 21, 2012 04:14 am at 4:14 am |
  14. Grahame Rhodes

    For Sale One Presidential Election. Unlike President Obama people like the Adelson will want something in return. Obviously they are Adelsoned in the head. Hope they rot

    July 21, 2012 04:59 am at 4:59 am |
  15. Gurgyl

    Turn the channel when GOP idiot commercial with lies, lies, lies.

    July 21, 2012 06:31 am at 6:31 am |
  16. Marie MD

    Was any of this money his own? He seems to have enough to pad his campaign without adelson's or all those other rich guy's money.

    July 21, 2012 06:41 am at 6:41 am |
  17. Wire Palladin, S. F.

    Remember, a great deal of money donated by Adelson is from his Chinese gambling profits.

    July 21, 2012 07:19 am at 7:19 am |
  18. GI Joe

    Now he's going to take yet another vacation to watch his dancing horse and attend wealthy dinners and collect European money. Guess that Chinese casino money from Adelson isn't enough for him.

    July 21, 2012 07:49 am at 7:49 am |
  19. ron

    Who cares. Everybody knows that Adelson (the casino crook under investigation for corruption) is going to spend every penny he thinks he has to in order to buy this election for romney so that romney can turn off the investigation of Adelson. Why is that so hard to understand? Next month I expect $60M. I mean the guy said he's spend $100M alone. It's still not going to buy my vote!

    July 21, 2012 08:12 am at 8:12 am |
  20. jesse james. take them to street and shoot them like the dogs they are

    17 angry white men. Rumknee lies. Release the tax returns.

    July 21, 2012 08:24 am at 8:24 am |
  21. Larry L

    I saw the ad where fat-cat donors were whining about the pressure put on them and their families by the press and thpublic for "buying" the candidates. Wah Wah Wah... When they're funding those "swift boat" lies do they think they don't hurt people? Does anybody think they're doing it to "just be good Americans"? These guys are ruthless business people completely comfortable investing big money for an even bigger financial return. Don't think the Kochs are donating 400 million dollars out of the goodness of their hearts! They now "own" Mitt Romney and all of his decisions.

    July 21, 2012 08:43 am at 8:43 am |
  22. znHcats

    Super Pac is going to spend as much as a billion to buy a new president.

    July 21, 2012 08:53 am at 8:53 am |
  23. Name Richard

    Money can not change us. Money is evil . We already made up our minds it's four more years for Obama and Biden.

    July 21, 2012 09:26 am at 9:26 am |
  24. Jerry

    Got a scenario for all of you out there, Let's say Romney gets elected. Let's say his first six months are a watershed for our country. Then the news comes out that he lied about his Bain tenure. Then it comes out he evaded paying US taxes and is impeached and then tried for tax evasion.The Republican Party would never survive the scandle. Our country would be the laughing stock of the world.

    Just something to think about before election day. If he does not provide full disclosure on his taxes back to 1999, then I for one will vote for the other guy. I do not want America to elect someone who we have not properly vetted. Would you hire someone without doing a background check? Would you hire someone who may be cheating on his taxes? Looks like we may be getting ready to do that. Thanks rich guys.

    July 21, 2012 09:57 am at 9:57 am |
  25. Chumlee

    Isn't Adelson being investigated in conjunction with the Chinese mob? Isn't this guy putting foreign funds into the GOP campaigns – especially now, Romney's?

    Is Romney still accepting this questionable money? Of course, because Romney is a liar and perhaps a fraud

    July 21, 2012 10:05 am at 10:05 am |
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