July 31st, 2009
04:57 PM ET
12 years ago

Gingrich's group pulls in $8 million in six months

[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2009/images/04/06/art.newt.jpg caption="A political organization chaired by Newt Gingrich announced Friday that it has raised $8 million since the beginning of the year."](CNN) - Former House Speaker Newt Gingrich's political organization reported Friday it had raised more than $8 million in the first half of the year, a cash haul that significantly dwarfs that which other high-profile Republicans have raised in the same time period.

But Gingrich's organization, American Solutions for Winning the Future, is incorporated as a 527 group, and is not subject to the same contribution limits as political action committees - the type of organizations most politicians spearhead, including fellow potential presidential hopefuls Mitt Romney, Sarah Palin, and Mike Huckabee.

Unlike PACs, 527s can also directly accept funds from corporations but is barred from directly contributing to a candidate or financing a potential White House bid.

Dan Kotman, the spokesman for American Solutions, said Gingrich was only "one part of the fundraising process."

"He played a role as our general chairman, but there were a lot of other factors," Kotman said.

The organization, with a staff of nearly 20, bills itself on its Web site as "a unique tri-partisan organization designed to rise above traditional gridlocked partisanship."

But it also largely operates as a promotional vehicle for Gingrich himself, regularly dispersing e-mails advocating the former House Speaker's positions on issues, advertising his books, and financing his travel across the country to the tune of nearly $700,000 in the first half of the year, according to a report filed with the IRS.

In contrast, the political action committees of Mitt Romney, Sarah Palin, and Mike Huckabee, each reported raised $1.6 million, $730,000, and $300,000 respectively.

Filed under: Fundraising • Newt Gingrich
soundoff (23 Responses)
  1. Scary

    How wonder he and his rich buddies don't care about health care and the economy. They have theirs so they can say no to everyone who is not as fortunate as them.

    July 31, 2009 05:31 pm at 5:31 pm |
  2. Larry

    Gingrich has lost his mind. Republicans are dropping like flies.

    July 31, 2009 05:32 pm at 5:32 pm |
  3. Brian

    PLEASE run against Obama. A southern social conservative...exactly the kind of guy Obama will make into lunch meat.

    July 31, 2009 05:34 pm at 5:34 pm |
  4. gary davis Harbor Oregon

    21st century 3rd riech of america
    a very scary movment . and alot of people believe in this idiot
    this is the same man that dropped his morals .but went after Clinton
    what a jerk .
    he will want everyone to one hand salute him
    like A. Hitler

    July 31, 2009 05:34 pm at 5:34 pm |
  5. reggie

    I will be happy when Newt sends his support to Palin and Romeny. Newts a good guy, but time for some new blood.

    July 31, 2009 05:35 pm at 5:35 pm |
  6. C W

    This kind of loophole is why we need real campaign finance reform. It's like having laws that require background checks before you purchase a firearm, everywhere except: gun shows.

    Until loopholes you can drive a truck through are closed, abuse will occur.

    July 31, 2009 05:43 pm at 5:43 pm |
  7. Peter E

    As long as it's not Palin, everybody wins!

    July 31, 2009 05:47 pm at 5:47 pm |
  8. awaitingliberalizationbyCNN

    Way to go Newt, I hope we can save the country from these lunkheads and thugs that are currently controlling Congress and the White House. What a stellar bunch, Barney Frank, Chris Dodd, Waxman, Pelosi, Reid, Schumer (quick there is a camera, lean in) and the whole dishonest digusting bunch. Hopefully the trials will start shortly.

    July 31, 2009 05:48 pm at 5:48 pm |
  9. Ted Tartaglia

    Who cares if Gingrich is raising money. He is just another Republican family values guy who can't keep his zipper up. Remember this hypocrite was calling for Clinton's impeachment when he was screwing around on his wife.

    July 31, 2009 05:48 pm at 5:48 pm |
  10. D. Tree

    How do these hypocritical "family values" people like Newt keep raking in all the cash? The guy is one of the biggest fakes out there!

    July 31, 2009 05:51 pm at 5:51 pm |
  11. alvino

    Leave it to Newt to figure out how to use and abuse the system. And still his popularity is lower than Palin, and she has dropped 40 points in Alaska.

    July 31, 2009 05:58 pm at 5:58 pm |
  12. johnnie

    So what is that suppose to mean, big deal,he will never be President, he is to OUT THERE in the party of NO LAND

    July 31, 2009 05:58 pm at 5:58 pm |
  13. John C

    What a sad statement that is for our country.

    July 31, 2009 05:59 pm at 5:59 pm |
  14. Moe, NY

    Must be donations from Corporate America, cannot imagine the majority of Americans giving money to Gingrich for any reason. However, I am sure Corporate America and the rich will donate as much as they can in a bid to keep their hold on America and Americans. I am so very thankful for President Obama, he is all for the people in America....you know the ones...the ones without money, health insurance, jobs, etc.

    July 31, 2009 06:00 pm at 6:00 pm |
  15. LacrosseMom

    Wow.... Democrats are really scared of Newt!

    July 31, 2009 06:00 pm at 6:00 pm |
  16. some gurl

    Cant feed my family or buy gas or get a job.......give money to
    newt gingrich????


    July 31, 2009 06:03 pm at 6:03 pm |
  17. Darth Vadik, CA

    The most corrupt money can always buy the most corrupt politicians.

    July 31, 2009 06:18 pm at 6:18 pm |
  18. ~~ July ~~

    one word .................... NUTS!

    July 31, 2009 06:19 pm at 6:19 pm |
  19. Tuna, Independent In Ohio

    Let's fun Newt for dog catcher!!

    July 31, 2009 06:22 pm at 6:22 pm |
  20. Darth Vadik, CA

    Talking about Palin raising money, why is she raising money? And isn't she under investigation for recieving illegal donations?

    Are the US laws (according to the Republicans about Republicans) like vehicle turn signals in California, you know, optional. To follow only if you feel like following them.

    July 31, 2009 06:31 pm at 6:31 pm |
  21. suzyku

    Haven't we had enough of this putz?

    July 31, 2009 06:35 pm at 6:35 pm |
  22. GoHillary16!

    Go get 'em Newt! Palin/Gingrich 2012!

    July 31, 2009 07:02 pm at 7:02 pm |
  23. Dave

    Fools and their money are soon parted...

    July 31, 2009 07:17 pm at 7:17 pm |