Mitt Romney relying heavily on small group of super-rich donors
By Dan Eggen and T.W. Farnam, Published: February 1
One of Mitt Romney’s strongest assets as the GOP presidential front-runner is also a potentially serious liability in the race: his heavy reliance on a small group of millionaires and billionaires for financial support.
A quarter of the money amassed by Romney’s campaign and an allied super PAC has come from just 41 people, each of whom has given more than $100,000, according to a Washington Post analysis of disclosure data. Nearly a dozen of the donors have contributed $1 million or more.
The preponderance of mega-rich supporters poses a political challenge for Romney, who has struggled for weeks over questions about his vast wealth, his history as a private equity manager and a series of gaffes that seemed to highlight his privileged station. He stumbled again on Wednesday when he told a CNN interviewer that he was “not concerned about the very poor, because they have a safety net.”
Some of Romney’s biggest supporters include executives at Bain Capital, his former firm; bankers at Goldman Sachs; and a hedge fund mogul who made billions betting on the housing crash. These and other donor details follow the release last week of Romney’s tax returns, which showed millions held in the Cayman Islands and other overseas havens and a tax rate that is far lower than that paid by most American workers.
http://www.washingtonpost.com/politics/mitt-romney-relying-heavily-on-small-group-of-super-rich-donors/2012/02/01/gIQAFVB4iQ_story.html?tid=pm_politics_pop
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