Romney Super PAC Raises $12 Million

By Chris Good

Mitt Romney ranks in the top tier of GOP fundraisers, and he can spend millions of his own dollars on the 2012 campaign. As such, he's expected to enjoy a cash advantage over his GOP presidential rivals.

Now, he'll get some added help from an outside group run by his supporters, which has raised $12 million. The Hill's Michael O'Brien reports:

Restore Our Future, the outside spending group founded by supporters of Romney's presidential campaign, said it had raised $12 million by the end of June, and has $12 million in cash on hand. While the group has existed formally since last fall, it launched its efforts in essence just late last month.

Unlike Romney's campaign, which can only take $5,000 donations from individuals, the Restore Our Future Super PAC can take in unlimited donations from individuals, corporations, and unions. It cannot coordinate with Romney's campaign.

Read the full story at The Hill.

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http://www.theatlantic.com/politics/archive/2011/07/romney-super-pac-raises-12-million/241457/