The super PAC supporting Mitt Romney’s
presidential campaign last month continued its brisk spending, but saw a
drop-off from in fundraising — finishing July spending more than it raised.
Restore Our Future spent $8.2 million last
month, while pulling in $7.5 million, according to a report filed Monday
evening with the Federal Election Commission. Most of the cash it spent – $7.2
million – went towards television and online ads supporting Romney, compared to
only $887,000 on ads that primarily attacked President Barack Obama.
It’s the first time Restore Our Future has
had such a high burn rate since the heat of the Republican primary, when it
spent more than $12 million per month between the first of the year and the end
of March helping to dispatch Rick Santorum and Newt Gingrich.
While Restore Our Future’s fundraising
dipped from its record $20.7-million June haul, it did report big donations
from a mix of new and renewing donors.
The biggest donation came from Houston
homebuilder Bob Perry, who donated $2 million – bringing his total
contributions to $8 million, not including the $4.5 million he’s given to
American Crossroads, another super PAC supporting Romney.
The Renco Group, Inc., a company controlled
by New York investor Ira Rennert, gave $1 million – the first donation by
either Rennert or the company to a super PAC in 2012. Renco owns mines and
mills in the U.S. and South America, including some that have been accused of
massive pollution. According to Crain’s New York Business, the Justice
Department in 2001 called a magnesium company Rennert owned the nation’s top
polluter.
Other
big donors included the Larry H. Miller Group of Companies, which gave
$787,000, bringing their total to nearly $1 million. The companies were named
for and owned by the late owner of the NBA’s Utah Jazz, who died in 2009.
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