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Saturday, March 31, 2012

GOP mega-donors show PAC loyalty

Just 17 donors shelled out about half of the more than $81 million that's flooded into PACs.
By ROBIN BRAVENDER | 3/31/12 4:30 PM EDT

Big GOP super PAC donors have been stubbornly standing by their favorite presidential candidates — even those with doomed campaigns.
Just 17 million-dollar-plus donors have shelled out about half of the more than $81 million that has already flooded into super PACs supporting Republican presidential hopefuls this election cycle. The vast majority of the big super PAC spenders have remained loyal to a single candidate, according to a POLITICO analysis of the most recent campaign filings.


And while some of the biggest givers, including casino mogul Sheldon Adelson, have signaled that they’ll eventually coalesce around the official GOP nominee, most haven’t — and their dollars haven’t either.
The latest filings show super PAC donations through the end of February, when Mitt Romney’s eventual nomination didn’t appear as clear-cut, and big donors may have been hoping for an underdog uprising. Still, mega-donors’ loyalty is another sign that in the new age of candidate-focused super PACs, party faithful are willing to spend millions of dollars to back their favorite candidates and fuel intra-party spats, instead of moving that cash into GOP infrastructure or groups ready to pivot into the general election.

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