Thursday, October 18, 2012

The Full Feed from HuffingtonPost.com: Corporations, Super PAC Donors Funded Republican National Convention In Tampa

The Full Feed from HuffingtonPost.com
The Full Feed from HuffingtonPost.com
Corporations, Super PAC Donors Funded Republican National Convention In Tampa
Oct 18th 2012, 12:30

WASHINGTON -- The Republican National Convention in Tampa, where former Massachusetts Gov. Mitt Romney accepted the presidential nomination of the Republican Party, was funded by a collection of corporations and mega-donors instrumental in funding super PACs and "dark money" non-profits to help put Romney in the White House.

The convention committee raised a total of $55 million for the four-day long proceedings, according to a report filed on Wednesday. Corporations accounted for the majority of that with $32.6 million in direct contributions. Wealthy individuals, including some of most well-known super PAC and "dark money" non-profit donors, contributed $13 million. In-kind contributions by corporations accounted for the other $10 million.

The top corporate donor was Marketing Solution Publications, a Florida-based business run by financier William Edwards, with $4 million in contributions. Of the more than $3 million given by AT&T half came from direct contributions. The American Petroleum Institute, the top lobby shop for the oil and gas industry, gave more than $2 million. Half of Microsoft's $1.5 million came from direct contributions. Bank of America and Florida Power & Light each donated $1 million in direct contributions.

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