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)

Like this comment
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.

Like this comment
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?

Like this comment
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

Sorry, but further commenting on this topic has been closed.

Burger chain Shake Shack to open in Palo Alto
By Elena Kadvany | 17 comments | 4,950 views

The Cost of Service
By Aldis Petriceks | 1 comment | 1,199 views

Couples: When Wrong Admit It; When Right; Shut Up
By Chandrama Anderson | 0 comments | 717 views

One-on-one time
By Cheryl Bac | 0 comments | 550 views