Town Square

Post a New Topic

Romney leads in local March fundraising

Original post made on May 2, 2012

Donors in March contributed $163,100 to presidential campaigns from ZIP codes in the Almanac's circulation area. Mitt Romney's campaign raised locally more than twice as much as Barack Obama's during March, but the president's campaign is still substantially ahead in total local fundraising to date.

Read the full story here Web Link posted Wednesday, May 2, 2012, 10:38 AM

Comments (3)

Posted by Oops, There Goes the Democracy, a resident of Atherton: Lindenwood
on May 2, 2012 at 1:40 pm

It would be useful for the reporter to note that candidate Romney held a local fundraising event during the reporting period, while President Obama did not. Citing the total contributions for each helps, but does not really address the main reason for the disparity.

Posted by Jenny K, a resident of Menlo Park: Menlo Oaks
on May 2, 2012 at 1:58 pm

Does this include 501(c)(4) donations? They will dwarf the contributions to the actual campaigns. What about the actual parties - RNC and DNC contributions?

Posted by Matt, a resident of Menlo Park: Suburban Park/Lorelei Manor/Flood Park Triangle
on May 3, 2012 at 10:37 am

Jenny K:

No, Super Pacs are not required to disclose. For example, Rove's American Crossroads/Crossroads GPS has a goal of $250 million, is a third of the way there, and reportedly has had only 4 or 5 major donors.

No transparency.

Clear as mud.

"American Crossroads GPS, the group co-founded by Karl Rove in 2010, has been fueled by massive donations since its inception, according to recently released tax documents.

The group's tax filings reveal mostly large donations, coming from either wealthy individuals or corporations. Since the group's inception, 24 donations of over $1 million have accounted for 87 percent of its total fundraising.

Only donations of more than $5,000 are disclosed to the IRS, but among those the average value has nearly equaled $800,000. In its most recent tax documents, dating back to last June, GPS's largest donation amounted to $10 million; the second largest, $4.3 million. The group has taken 12 donations of more than $2 million and two donations of $10 million or more since its founding.

The group has raised at least $76.8 million in total.

Crossroads GPS does not disclose its donors, making it difficult or impossible to know where the money came from. The group released its tax filings to reporters on Tuesday."

Web Link

If you were a member and logged in you could track comments from this story.

Post a comment

Posting an item on Town Square is simple and requires no registration. Just complete this form and hit "submit" and your topic will appear online. Please be respectful and truthful in your postings so Town Square will continue to be a thoughtful gathering place for sharing community information and opinion. All postings are subject to our TERMS OF USE, and may be deleted if deemed inappropriate by our staff.

We prefer that you use your real name, but you may use any "member" name you wish.

Name: *

Select your neighborhood or school community: * Not sure?

Comment: *

Verification code: *
Enter the verification code exactly as shown, using capital and lowercase letters, in the multi-colored box.

*Required Fields

Palo Alto quietly gets new evening food truck market
By Elena Kadvany | 4 comments | 3,617 views

See Me. Hear Me. Donít Fix Me.
By Chandrama Anderson | 2 comments | 1,806 views

Universal Language
By Cheryl Bac | 2 comments | 1,388 views

Anglo Menlo Park
By Paul Bendix | 0 comments | 426 views

Council election, and then some.
By Stuart Soffer | 0 comments | 158 views