Gingrich's PAC Isn't Exactly Raking in Cash

It's pulled in just $53,000 this year
By Kevin Spak,  Newser Staff
Posted Apr 20, 2011 1:58 PM CDT
Former House Speaker Newt Gingrich (D-GA) speaks at an event on health care in the US Capitol, March 31, 2011.   (Getty Images)

(Newser) – Newt Gingrich’s political action committee has raised a paltry $53,000 so far this year, according to the latest FEC numbers, and Politico sees that as a troubling sign for the would-be candidate. Sure, Gingrich’s 527 group American Solutions for Winning the Future has pulled in tens of millions, but it’s not regulated by the FEC, and hence can accept huge contributions.

The PAC by contrast can only accept individual contributions of up to $5,000—and his eventual presidential committee will be limited to half that. During the campaign, Gingrich won’t be able to access funds from either the PAC or his 527. Still, the PAC’s numbers aren’t quite as bad as they look—bear in mind that Gingrich stopped raising money for it in the middle of March, after forming his presidential exploratory committee.

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