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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