Tags: Presidential | Hopefuls | Potential | status | Money

Prez Hopefuls Stay Potential for Money Reasons

By Dan Weil   |   Thursday, 10 Mar 2011 10:05 AM

Many pundits have criticized likely Republican presidential candidates for their slowness to officially enter the race, saying it puts them behind President Barack Obama’s re-election effort. But there’s a method to the madness, and it’s all about money, Politico reports.

potential, presidential, candidates, money
    Gingrich: Not Just Being Coy
Now the potential candidates can operate political groups that accept contributions exceeding the $2,500 per election limit mandated for declared presidential candidates. The likely candidates give a bit of the money from the groups to fellow Republicans in other races as campaign contributions. But they also put the money toward travel to early primary states, political staff, polling, and building voter- and donor files.

As soon as any of the potential candidates says publicly that they may run -- “test the waters” is the Federal Election Commission’s term -- they are subject to fundraising and spending limits.



© 2015 Newsmax. All rights reserved.

1Like our page
2Share
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved