Bloomberg News

Pro-Obama Super-PAC Has Best Month, Raising $15 Million

October 19, 2012

A super-political action committee backing President Barack Obama slightly outraised a super-PAC supporting Republican challenger Mitt Romney last month.

Priorities USA Action, run by former Obama aides, will report $15.2 million in September contributions when it files tomorrow with the U.S. Federal Election Commission, according to an aide with knowledge of the report. That would mark its best fundraising month yet.

Restore Our Future, a pro-Romney group, reported to the FEC today that it collected $14.8 million in September, making it the group’s second most lucrative month. Restore Our Future raised about $21 million in June after Romney defeated a field of primary competitors.

Both super-PACs have been airing thousands of television advertisements in support of their preferred candidates. The presidential contenders and many of the major outside groups involved in the election are due to report their September campaign finance activity to the FEC tomorrow.

Obama’s campaign took in $126.1 million and spent $111.4 million, both monthly highs for his re-election campaign, which had $99.3 million left to spend as October began, according to financial reports filed with the FEC tonight.

The president raised $96.4 million from individual donors and received $28.5 million from a joint fundraising committee, Obama Victory Fund 2012, which also raises money for the Democratic National Committee and several state Democratic parties, according to the Obama FEC reports.

Familiar Names

Obama and allied Democratic party committees have said they raised $181 million last month, while Romney and the Republican committees said earlier this month they will report $170 million in contributions.

Familiar names appear in Restore Our Future’s September filing.

Houston home builder Bob Perry wrote a $2 million check, bringing his total investment in the group to $10 million since the beginning of 2011. Perry has given millions more to other Republican super-PACs.

Harold Simmons, chairman of Dallas-based Contran Corp., donated $500,000 for a total of $1.3 million so far. Simmons also has given $11 million since last year to American Crossroads, a Republican super-PAC linked to political strategist Karl Rove, former adviser to President George W. Bush.

Koch Contribution

Oxbow Carbon LLC, a Florida-based energy company founded by billionaire William Koch, gave $1 million to Restore Our Future to match its 2011 contributions to the group.

Restore Our Future also got a $1 million boost from Robert McNair, the owner of the Houston Texans professional football team. Another $1 million came from Stanley Herzog, the chairman and chief executive officer of Herzog Contracting Corp. in St. Joseph, Missouri.

Restore has raised $111.5 million since the beginning of 2011, more than double the $50.9 million Priorities has collected.

To contact the reporters on this story: Julie Bykowicz in Washington at jbykowicz@bloomberg.net; Greg Giroux in Washington at ggiroux@bloomberg.net

To contact the editor responsible for this story: Jeanne Cummings at jcummings21@bloomberg.net


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