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Romney backers launch ‘super PAC’ to raise and spend unlimited amounts [View All]

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onehandle Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jun-24-11 08:00 AM
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Romney backers launch ‘super PAC’ to raise and spend unlimited amounts
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Source: Washington Post

A group of prominent Mitt Romney backers has quietly started a “super PAC” to raise and spend unlimited amounts of money in support of his bid for the Republican presidential nomination, according to organizers and others involved in the effort.

Restore Our Future PAC, spearheaded by several former Romney aides, is the latest in an expanding list of groups that have formed to take advantage of court rulings that allow corporations, unions and tycoons to spend millions on elections without restrictions.

The development provides further evidence that Romney, a former Massachusetts governor, is shaping up as the candidate to beat in the GOP money race, and underscores the extensive role that well-funded outside groups are likely to play in the 2012 election. Restore Our Future PAC appears to be the first super PAC to form specifically in favor of one of the presidential contenders.

The group aims to go head-to-head with Priorities USA Action, a similar super PAC led by former White House aides in support of President Obama. But Restore Our Future PAC could be used to go after other Republicans if necessary in the party’s primary season, those familiar with the operation said.

Read more: http://www.washingtonpost.com/politics/romney-backers-l...
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