Romney strategy pays off quickly
By Scott Helman and Chase Davis, Globe Staff and Globe Correspondent | June 11, 2006
Governor Mitt Romney is financing the early stages of his potential presidential campaign with a novel, multistate fund-raising operation that is allowing him to maximize legal donations, outflank top Republican competitors, and minimize public scrutiny.
Since July 2004, Romney has set up affiliates of his political action committee, the Commonwealth PAC, in five states. By having donors spread their contributions across the various affiliates, Romney has been able to effectively evade the $5,000-per-donor annual contribution limit that applies only to federal committees, which most presidential aspirants set up to build initial support for their candidacies.
The multistate system is helping Romney raise money quickly from relatively few contributors, and foster valuable political relationships around the country. It also is a strategy several potential opponents for the Republican nomination cannot use: Federal office-holders, under new campaign finance rules, are barred from operating such state affiliates.
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A review by the Globe of Commonwealth PAC campaign finance filings indicates that more than 100 donors have given a total of $1.6 million to Romney's various PAC organizations over the past two years. It is a relatively small amount compared to what Romney would need for a presidential campaign -- President Bush raised $273 million in 2004, for example -- but the creation of a fund-raising network will help establish Romney in monied circles that will be crucial if he decides to run for the White House.
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http://www.boston.com/news/nation/articles/2006/06/11/romney_strategy_pays_off_quickly/