super PACs

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Paul Ryan to 'Draft Ryan' PAC: Cut It Out

Group getting a cease-and-desist, courtesy of his political operation

(Newser) - Paul Ryan ultimately gave in to the calls that he run for speaker of the House, but it doesn't look like he's going to change his mind about running for president. A group called the Committee to Draft Speaker Ryan recently registered with the US Federal Election Commission... More »

Bush Super PAC Has Spent More Than $50M

There's little to show for Right to Rise's spending blitz

(Newser) - The Jeb Bush backers who poured more than $100 million into pro-Bush super PAC Right to Rise haven't exactly been getting a lot of bang for their buck. The group has already spent more than $49 million, not including salaries and other operating expenses, only to have its candidate'... More »

Icahn Drops $150M to Fight Corporate Tax Dodgers

He's the latest billionaire to get in the Super PAC game

(Newser) - Billionaire investor Carl Icahn said Wednesday he is creating a $150 million super PAC focused on revising corporate tax law. Icahn will use his super PAC to press Congress to pass legislation that stops US companies from moving their profits overseas to take advantage of lower tax rates — a... More »

Donor to Rick Perry: I Want My $5M Back

Super PAC members aren't sure they can recoup the cash for contributors

(Newser) - Rick Perry may have thought he could just drop out of the presidential race and ride off into the Texas sunset, but some supporters of the Perry-supporting Opportunity and Freedom PAC are asking an important question as his 10-gallon hat disappears over the horizon: Can we get our money back?... More »

Cruz Is Suddenly a Player, Thanks to Reclusive Backer

Millionaire Robert Mercer helps him raise an 'eye-popping' $31M right off the bat

(Newser) - If other GOP contenders shrugged off Ted Cruz's chances of winning the nomination, it's a safe bet they're reassessing things after four new super PACS announced they'd raised a staggering $31 million to support his new candidacy . "Even in the context of a presidential campaign... More »

Dems Try 'Romney Strategy,' Shower Cash on South

Crossroads, meanwhile, plans $10M blitz of its own

(Newser) - November seems far away, but outside money groups are already making it rain in contested Senate races. The Senate Majority PAC, a Democratic operation run by former Harry Reid staffers, has been "carpet bombing" the South in particular, the Daily Beast reports, attempting what's called the "Romney... More »

Kochs Launch Group to Win Over Hispanics

Can outside money cure the GOP's demographic woes?

(Newser) - The Koch Brothers money machine is throwing itself at one of the party's long-standing goals: winning over Hispanic voters. The brothers have launched a group known as the Libre Initiative, Reuters reports, and it marks a bit of a departure from the duo's usual attack-ad-chucking tactics. While the... More »

The 'Sheldon Primary' Is What's Wrong With Politics

Dan Balz laments the influence of the super-rich mega-donors on elections

(Newser) - If you want to know why Americans are so disgusted with the political system, take a gander toward Las Vegas, where would-be Republican presidential candidates are lining up to kiss the ring of Sheldon Adelson . "Adelson has become a symbol of the new system of financing presidential elections,"... More »

Super PAC Behind McConnell Recording

A top state Democrat says members of Project Kentucky are responsible

(Newser) - So just who recorded a Mitch McConnell strategy session in which he and his aides came up with all kinds of imaginative ways to go after Ashley Judd ? Two members of a liberal Super PAC called Project Kentucky, reports public radio station WFPL . And this was no James Bond-style... More »

Latest Super PAC to Push ... Bearded Candidates

Those with goatees will be considered; mustache only? Forget it

(Newser) - At last, a super PAC that can be described as hirsute—it's Bearded Entrepreneurs for the Advancement of a Responsible Democracy, aka BEARD, a political action committee dedicated to advancing bearded candidates. Founded by Jonathan Sessions and Andy Shapero, BEARD is as quirky as you might imagine: A planned... More »

Carville Raising Money for Pro-Hillary Super PAC

He's the first of the family's 'inner circle' to do so

(Newser) - Count James Carville among those who really want Hillary Clinton to run for president in 2016. He's supporting Ready for Hillary PAC, a super PAC whose mission is to get Clinton into the race, the Washington Post reports. In an email Carville is sending today, he will ask other... More »

Why Rove's Move Will Backfire

Nate Silver explains the flaw in his logic

(Newser) - Conservative activists and Nate Silver haven't always seen eye-to-eye, but they agree on one thing: Karl Rove's new super PAC backing establishment Republican candidates over Tea Party challengers is a bad idea. Of course, Silver's argument isn't ideological, it's mathematical. The problem, he points out... More »

GOP Super PAC Skewers Ashley Judd

Karl Rove group takes early shot as she ponders Senate run in Kentucky

(Newser) - Karl Rove has welcomed Ashley Judd into the world of high-stakes politics with an ad that concludes the actress is "an Obama-following radical, Hollywood liberal who is right at home here in Tennessee. I mean, Kentucky." Judd is considering a Senate run against Mitch McConnell in her native... More »

Rove Creates New PAC, Will Butt Heads With Tea Party

Predictably, many conservatives not happy

(Newser) - A big split in the Republican party? Karl Rove's new super PAC, the Conservative Victory Project, appears to be taking aim at Tea Partiers. The Victory Project, led by the same people who run American Crossroads, has the official aim of nominating "the most conservative candidate in the... More »

In Hillary's Corner: 2 Super PACs

George Washington University prof leads new group

(Newser) - Sure, she may not even run, but Hillary Clinton has already got a 2016 support network in place: Two super PACs are poised to fund a potential presidential run. The group "Ready for Hillary" filed with the Federal Election Commission on Friday, Politico reports, not long after "HillaryClintonSuperPAC"... More »

Colbert: How I Spent $773K in Super PAC Cash

It went to charity. It's what Ham Rove would have wanted

(Newser) - Legally, Stephen Colbert doesn't have to tell you what happened to the funds his super PAC raised, but last night he went ahead and did so anyway. Turns out the $773,704.83 was "anonymously" donated to the Ham Rove Memorial Fund, of which Colbert is, of course,... More »

States Skip FEC, Demand IDs of Nonprofit Donors

FEC gridlock prompts action

(Newser) - The Federal Election Commission is stuck in partisan gridlock—so states are taking nonprofit donor disclosure into their own hands. California this month called on an Arizona group to uncover the source of $11 million used for ballot measure fights; recent court cases in Idaho and Minnesota have forced political... More »

Colbert Quits Super PAC Game

But learns how to keep the money

(Newser) - Stephen Colbert spent a lot of time hawking his super PAC, but in the end, he admits it was all for naught. And after taking all that money from "anonymous, scary donors," Colbert feared repercussions, he said on last night's Colbert Report. After trying to blame his... More »

Mystery Firm Donates Record $5.3M to GOP PAC

Biggest corporate donor of 2012 cycle

(Newser) - A somewhat murky outfit called Specialty Group has become the election's biggest corporate donor, handing $5.3 million to a conservative super PAC over the course of 10 days last month. But that's about all anyone knows about the company, founded just a month ago and based in... More »

Walmart Heir Gives Surprise $300K to Obama PAC

The Waltons are famously conservative

(Newser) - Expect the next Walton family reunion to be awkward: Samuel Rawlings Walton, grandson and namesake of the late Walmart founder, recently gave a $300,000 donation to a pro-Obama super PAC, reports the Washington Post . His grandfather was a well-known conservative, and several other Waltons have given big bucks to... More »

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