Home > Uncategorized > Donors Invest Millions in Romney for Billions in Returns – Bloomberg

Donors Invest Millions in Romney for Billions in Returns – Bloomberg

Wealthy donors and corporations are more heavily invested in this presidential election than at any time since the 1972 Watergate scandal led to stricter campaign- finance laws.

A series of court decisions and regulatory changes in 2010 unraveled federal limits on donations, paving the way for a return of the big players. They are pooling their money in nonprofits, which keep contributor names secret, and super- political action committees, which amassed $350 million through the end of July.

Read More: Bloomberg Insider – Convention 2012

Download: Bloomberg Insider 8/29 (PDF)

One-quarter of that money comes from just 10 donors, led by Las Vegas casino billionaire Sheldon Adelson, according to data from the Center for Responsive Politics, a Washington-based group that tracks such spending.

Top Republican contributors say they back the party’s presidential candidate Mitt Romney because they agree with his small-government philosophy or oppose President Barack Obama’s new regulations on banks and the health-care industry.

Yet Romney is more than just a political kindred spirit; he’s a sound investment. Here’s how a Romney presidency might pay off — literally — for some of these super-donors.

Sheldon Adelson

Adelson, 79, who is this election’s biggest spender, could see his casino profits soar if Romney’s pledge to crack down on China turns out as planned.

via Donors Invest Millions in Romney for Billions in Returns – Bloomberg.

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