by InvestorPlace Staff | May 29, 2012 12:53 pm
Everything’s bigger in Texas, the saying goes. Apparently, this also applies to citizens’ generosity in supporting the major super PACs.
A report from the Houston Chronicle‘s Texas on the Potomac blog revealed the state had given $36.5 million to the 20 largest super PACs. Nevada placed second among states in giving to the 20 largest super PACs, thanks primarily to the donations made by casino magnate Sheldon Adelson and his family on behalf of the Newt Gingrich-supporting super PAC.
By way of comparison, California and New York, who out-raised Texas in donations with campaign limits (primarily for candidates’ campaigns), lagged behind in super PAC donations. California raised $22 million for the largest super PACs, and New York raised $17 million.
The 20 largest super PACs represent 84% of all money given so far to these types of groups. One of these groups includes the Texas Conservatives fund, which garnered $1.2 million in donations. Even without this money counted, Texas still outpaces the competition for donations.
For more information, check out this Houston Chronicle blog post or this article by Politico.
– Benjamin Nanamaker, InvestorPlace Money & Politics Editor
The opinions contained in this column are solely those of the writer.
Want to share your own views on money, politics and the 2012 elections? Drop us a line at firstname.lastname@example.org and we might reprint your views in our InvestorPolitics blog! Please include your name, city and state of residence. All letters submitted to this address will be considered for publication.
Source URL: http://investorplace.com/investorpolitics/texas-leads-in-super-pac-donations/
Short URL: http://investorplace.com/?p=175055
Copyright ©2015 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.