Gingrich 527 pulls in big money
February 4th, 2011
12:29 PM ET
11 years ago

Gingrich 527 pulls in big money

Washington (CNN) - Newt Gingrich outpaced his potential 2012 rivals in fundraising during the last three months of 2010 thanks to his influential 527 group "American Solutions for Winning the Future," which can solicit unlimited corporate and individual contributions.

Gingrich's K Street-based organization, which houses most of his staff and political operation, raised over $3.8 million between October and the end of December, and almost $14 million over the course of the entire year, according to new filings with the IRS.

His political action committee, American Solutions PAC, which is subject to tighter campaign finance regulations, raised roughly $425,000 during the same period.

The rest of the early 2012 field - including Mitt Romney, Sarah Palin and Tim Pawlenty - have relied on a network of PACs to raise money, fund their political operations and assist other Republican candidates.

Based on PAC fundraising alone during the final three months of 2010, Palin outraised her potential opponents, taking in nearly $1.1 million. Romney was next, raising nearly $954,000 for his Free and Strong America PAC in the last quarter.

Money from political action committees and 527 organizations cannot be used to finance a presidential bid, but the cash hauls are a reflection of a potential candidate's fundraising acumen and popularity among Republican activists and donors.

Gingrich spokesman Rick Tyler said last month that the former House Speaker will decide whether or not to launch a presidential exploratory committee by the end of February.

Filed under: 2012 • Newt Gingrich
soundoff (17 Responses)
  1. Katie

    He can raise money, but he'll never be president. He's a social/cultural neanderthal and a renouned fearmongerer who borders on the ridiculous and this country has moved well beyond his so-called beliefs and only the republican base still falls for his foolish fearmongering.

    February 4, 2011 12:40 pm at 12:40 pm |
  2. jim

    "American Solutions for Winning the Future," - for the rich

    February 4, 2011 12:52 pm at 12:52 pm |
  3. emma

    The problem with Gingrich is that he speaks for doing things the ways they have been done for a lot of years. Our current problems, I think, call for new ideas and new strategies.

    February 4, 2011 12:54 pm at 12:54 pm |
  4. T

    Buy America........just like he brought your vote in Nov 2011...........AMERICA FOR SALE........PEOPLE FOR SALE
    How do you think the REP.....won???????? They are buying your vote and some people don't care.....Some of us are not for SALE..............It all about BIG Business and Big Money....NOT THE PEOPLE
    YOU HAVE TO BARE THE COST...........

    February 4, 2011 12:57 pm at 12:57 pm |
  5. ART

    Can you imagine that face representing our country,everytime he speaks it smells like someone farted.

    February 4, 2011 01:07 pm at 1:07 pm |
  6. PalmReader

    How typical of Newt to not only continue hogging the spotlight, but simultaneously strip donors of their cash in the process.

    February 4, 2011 01:14 pm at 1:14 pm |
  7. kayla

    they are all just in for the MONEY. since they know they cannot or won't win.

    February 4, 2011 01:16 pm at 1:16 pm |
  8. kat

    I think Gingrich would make a wonderful President, far better than the clown we have now, but then again, we couldn't get any worse.

    February 4, 2011 01:20 pm at 1:20 pm |
  9. OneMoreTime

    I'm always amazed at the Republican/Tea Partiers preaching to us about Christianity, morals, family values, etc. then
    "pour money" into the pockets of their most corrupt, immoral, inept people they can find. Their "values" are
    inconsistent with the people they "admire". This man was sanctioned for lying, paid a $300,000 fine, married to
    his third wife, and you all know that story. So the credibility of these people is at best questionable, and at
    worst hypocritical. Before anyone lectures me on "second chances", remember that is something deserving of
    all, or deserving of none.

    February 4, 2011 01:22 pm at 1:22 pm |
  10. T'sah from Virginia

    Wow – ""American Solutions for Winning the Future"

    President Obama is winning the Future too!!!

    This is when the parallel separates and BOTH futures go into their own direction – one to the Bridge to NOwhere and the other to a more modernized America – The BEST future WIN!!

    ginGRINCH will NEVER be president of the United States because his self-interest is BIG CORPs!! CNN already predicted it will be Christie/Bush in 2016 (LMAO because that's NOT going to happen)! In 2020, WHO? (Not ginGRINCH because the PUBS will be pushing Brown or Rubio)!! Then there is 2024 – Dang, ginGRINCH will be as old as dirt by then!!!

    February 4, 2011 01:25 pm at 1:25 pm |
  11. michaelam

    Note to Newt:
    Many of us still recall your disastrous term as Speaker of the House. You wasted millions of tax payer dollars financing a political witch hunt while engaging in the very same behavior you publicly condoned. You left the House in disgrace and were forced to pay over $300k in ethic violations. You are the most morally bankrupt "person" on this planet and your demonstrated disrespect for women speaks volumes about your character. The only vote you will capture will come from ignorant, southern, white, males! Ironically, the man you so desired to discredit has a higher approval rating and receives greater respect from all over the world than you will ever have! Crawl back under your rock, lizard! But before you go, can you enlighten the American people on how you managed to NOT serve your country during Viet Nam?

    February 4, 2011 01:31 pm at 1:31 pm |
  12. chris

    @Katie, you told the truth!!

    February 4, 2011 01:32 pm at 1:32 pm |
  13. Living in America

    Will he have to pay the state of Georgia some of that money since he left his 1st wife to be with the 2nd wife whereas the 1st wife had to go on welfare. I will pay somebody $1.00 if they can tell me one piece of legislation he has passed to benefit the American public as long as he has been in office. He contract was not WITH America it was ON America and I have yet to see the contract along with my friends. If he becomes President global warming will be at it highest because all he does is run off with the mouth and talk about nothing. He is just staying in DC to get paid and nothing else. Big pimping at the highest level.

    February 4, 2011 01:45 pm at 1:45 pm |
  14. Squigman

    The same people who gave to the loser, will be the same people ranting about how bad the economy is, and how much needs to be done to correct the problem. Kinda like idiots throwing money in a wishing well, wishing for great wealth and riches. Why not save the money?

    February 4, 2011 01:49 pm at 1:49 pm |
  15. vic nashville tn

    GOP building 2012 platform based on 2010 election result with out analyzing who vote for them
    Their propaganda machine (FOX) little time for Egypt crisis with wrong opinions and more time for 2012 with misinformation.

    Time for GOP to forget 2012

    February 4, 2011 01:53 pm at 1:53 pm |
  16. Margie

    He is just proving over and over the republicans can't get enough of crooks. Look at who they bow to.

    February 4, 2011 01:58 pm at 1:58 pm |
  17. Dumbasrocks [R]s

    Fools and thier money soon part ways. And who are bigger fools than a bunch of self-deluded neo-tards looking to a proven inept figure like Gingrich to further their malignant ideology?

    February 4, 2011 02:00 pm at 2:00 pm |