"Mitt Romney provides an excellent example of how a candidate can receive money from a single source in multiple states. Romney’s federal Free & Strong America PAC raised $8.8 million in 2010; Romney also formed five state affiliates that brought in an additional $2 million.
A significant amount of the money channelled into Romney’s state committees—30 percent of the money reported in New Hampshire, South Carolina, Iowa, and Michigan2 —came from people in the financial investment industry. One contributor, Edward Conard of Bain Capital LLC, a private equity firm Romney helped found3 , gave Romney $73,000 on May 20 and 21, 2010, but only $5,000 shows on the federal PAC report. The remaining $68,000 went to the above-mentioned state affiliates. Haley Barbour’s Haley’s Leadership PAC reported raising $526,240 in Georgia from donors around the country, including $100,000 from Jamal Daniel, of Crest Investments. On top of that amount, the FEC also reports Daniel giving the maximum of $5,000."
2012 Presidential Contenders: State PACs Rev Up the Race
Follow The Money:
